- Legal discrimination complaint, ethics complaint filed in Scott City government (3/22/17)12
- Business notebook: Cape native goes from farm to mobile-food operation (3/20/17)1
- Mall aboard: Future requires evolution at West Park Mall (3/24/17)14
- Former Scott City administrator: 'I was forced to resign' (3/21/17)6
- Triplett manslaughter case set for July 2018 (3/21/17)2
- Former Southeast softball coach sues Board of Regents; seeks damages and her job back (3/23/17)13
- Two people found dead in Advance house fire (3/21/17)
- Two local lawmakers back charter school bill; Perryville lawmaker objects to measure (3/19/17)24
- Two Cape men charged with second-degree murder of Grandi (3/21/17)2
- Cairo man pleads guilty to bank murders (3/17/17)1
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.