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With the US reaching its $31.4 trillion debt ceiling, the Republican-controlled House and Democratic administration are set to spar over raising the debt limit. To sort through what’s going on and whether the Twitter idea of minting a trillion-dollar coin could be the government’s “get out of jail free” card, I’m joined again by my AEI colleague Michael Strain.
Mike is the director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. He is also a member of the Committee on Automation and the Workforce of the National Academy of Sciences.