Under Questioning, Jay Carney Leaves Platinum Coin Wriggle Room

A blog about business and economics.
Jan. 9 2013 3:59 PM

Under Questioning, Jay Carney Leaves Platinum Coin Wriggle Room

WASHINGTON, DC - JANUARY 08: White House Press Secretary Jay Carney conducts the daily news briefing in the James Brady Press Briefing Room at the White House January 8, 2013 in Washington, DC.

Photo by Chip Somodevilla/Getty Images

We had an interesting press briefing this afternoon from White House Press Secretary Jay Carney who flatly dismissed talk of using the 14th Amendment to somehow ignore the debt ceiling, but rather pointedly talked around questions about large denomination platinum coins. Carney kept emphasizing that "there is no plan b" for avoiding default and that congress has a responsibility to raise the debt ceiling. But he didn't say the coin was illegal, and he didn't say a coin wouldn't be minted. When he came under really heavy fire, he said people should ask the Treasury. The he reiterated that there's no plan b and congress needs to raise the debt ceiling.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.


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