- Post-election taunts reported at Jackson schools (12/2/16)28
- Man killed by vehicle had been charged with domestic assault (11/30/16)
- Cape man gets 8 years for robbery, his first offense (12/7/16)5
- Man sentenced to 103 years for murder of Cape woman (12/6/16)3
- Burglary suspect apprehended inside Jackson garage (12/4/16)
- Poplar Bluff man accused of enticement, child porn in Scott County sting operation (12/4/16)
- Cape may allow residents to keep chickens; residents at meeting push for measure (12/6/16)33
- Men who pulled father, son from burning car near Naylor honored by highway patrol (12/1/16)
- Cape woman hopes son's death in Chattanooga will lead to better policing (11/30/16)11
- Lt. Gov. Kinder weighs in on Trump's win, his future plans (12/4/16)13
White House nixes idea for trillion-dollar coin
WASHINGTON -- The White House has ruled out minting a coin worth $1 trillion to pay the government's bills and avoid a nasty battle with Congress over the debt ceiling.
Some of President Barack Obama's liberal allies have been promoting the coin strategy.
White House spokesman Jay Carney nixed that option Saturday. Carney said there are two options: Congress either can pay the tab for spending it has racked up or it can send the nation into default, which would have serious economic consequences.
The government has reached its $16.4 trillion borrowing limit. By late February or early March, the Treasury Department will run out of ways to cover debts and could begin defaulting on government loans.