Democratic Leadership Leave All Options on Table

Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi are apparently leaving all options open for the debt ceiling. This includes the 14 Amendment, where they would say that the amendment voids a debt ceiling. The 14 amendment says that the validity of the American debt should not be questioned. One other option that has been gaining traction is the Mint producing a high value coin to pay the debt. The plan is completely legal, but would most likely set Republicans in a fury. Some economists fear that a coin like that would make inflation rise wildly. Most proponents propose a one trillion dollar coin.

About Tyler

Tyler is the chief media reporter for TKNN, with the news organization since its founding in November of 2010. He has previously served as chief political reporter and chief political anchor for TKNN.

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