The issue of increasing the debt limit is haunted White house

In the USA refused from the idea to mint platinum coin trillion dollars and thus to solve the problem of raising the limit of public debt. As acknowledged in Washington, the government has no right to go on such a Ruse.

"The Ministry of Finance and the Federal reserve believes that the law cannot and must be applied to justify the minting of platinum coins with the aim of avoiding the need to raise the debt ceiling" - quoted The New York Times official representative of the U.S. Treasury Anthony Cole.

In the US, the rule of the permissible limit of public debt. If it is exceeded, the country faces default. In the history of States this limit was increased several times, the last time in 2011. However, in recent months, this problem has again come to the forefront.

Expected by the end of February, the U.S. national debt will rise to $16.4 trillion. Republicans in Congress are demanding that the government has cut social spending, otherwise they refuse to support a bill to raise the debt limit. The Obama administration, the deal is not satisfied.

As one of the possible ways to bypass Congress and obstinate Republicans Obama offered his platinum trillion coin and put it on Deposit at the Federal reserve Bank to use for payment of public expenditures. The law allows the Ministry of Finance to release a platinum coins of any value.

Nikolai ALEXANDROV