The trillion dollar coin idea is back as a wacky way to prevent financial Armageddon
CNN
If it's debt ceiling crisis season, then it's also time for the craziest solution to the problem: Getting President Joe Biden to issue a $1 trillion coin.
The idea, which has been around for about a decade, is that the president can issue a $1 trillion "commemorative" coin, deposit it with the Federal Reserve, and allow the government to keep paying its bills.
A US government default on its debt would deal a body blow to the economy, resulting in widespread job losses, higher interest rates and economic pain that would last for years. Treasury Secretary Janet Yellen has predicted a "widespread economic catastrophe" if the debt ceiling isn't raised, with millions of Americans suddenly strapped for cash.
1-star McDonald’s reviews and sympathetic merch: Companies try to stop online support for CEO killer
After police found the words “deny,” “defend” and “depose” printed on shell casings near the site where UnitedHealthcare CEO Brian Thompson was gunned down, merchandise bearing those words started to appear online.
Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic interests.
The global airline industry will likely rake in more than $1 trillion in revenue next year, as passenger numbers look set to hit an all-time high of 5 billion, the International Air Transport Association said Tuesday.
President-elect Donald Trump views tariffs as a not-so-secret weapon — one that can be deployed to pressure friends and foes alike to address issues from drug trafficking and illegal immigration to the dominance of the US dollar.
Two families have sued artificial intelligence chatbot company Character.AI, accusing it of providing sexual content to their children and encouraging self-harm and violence. Theirs is the second lawsuit filed against Character.AI over youth safety concerns since October.
Former Florida congressman Matt Gaetz is expected to announce he is joining One America News Network as an anchor, a source familiar told CNN.
Rupert Murdoch cannot amend his family trust to put the power of his media companies in the hands of his chosen successor, a Nevada commissioner has ruled.
Google on Monday said that it has overcome a key challenge in quantum computing with a new generation of chip, solving a computing problem in five minutes that would take a classical computer more time than the history of the universe.
Mondelez, the maker of Oreo and Cadbury, is reportedly exploring an offer to buy rival Hershey Company to potentially create one of the world’s largest candy companies.
Taco Bell is testing a new restaurant that isn’t focused on its food.
Chinese-based ByteDance and its short-video app TikTok asked an appeals court Monday to temporarily block a law that would require parent company ByteDance to divest TikTok by January 19 or face a ban in the United States, pending a review by the US Supreme Court.