Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Treasury: Trillion-dollar coin would not be legal

Forget the government made $1 trillion COINS, in order to solve the debt ceiling crisis.
Treasury spokesman Anthony kore said last Saturday, whether his department, also not the fed believed that, the law can or should be used to produce such COINS, in order to avoid the upcoming battle, congress of government borrowing.
Some of President Obama's liberal Allies is pushing the coin strategy.
The government has reached its us $16.4 trillion borrowing limit. At the end of February and the beginning of march, the ministry of finance will run out of the way to pay debts, and may start to default on their government loans.
White House spokesman jay karni said, congress at its disposal have two choices: either to pay its spending tags, or send to the default state, it will lead to serious economic consequences.



Other News:
Treasury: Trillion-dollar coin would not be legal
France bombs Islamist strongholds deep in north Mali
Hostess Makes Deal for Wonderbread
India's army chief turns up heat on Pakistan, says can retaliate
Armstrong will answer 'honestly' during Oprah talk
France bombs Mali rebels, African states ready troops
Analysis: French early strike shakes up Mali intervention plan
Mali official says Islamists driven from Konna