Debt Creativity Includes ‘Mint the Coin,’ Gazillion-Dollar Limit

A $1 trillion coin, a “gazillion” dollar debt limit, and removing Congress from the equation are among Democrats’ proposed solutions to the debt ceiling standoff, in a wellspring of creativity inspired by Republicans’ insistence that Democrats increase the limit on their own.

The federal government is likely to reach the debt limit by Oct. 18, Treasury Secretary Janet Yellen said Tuesday. If lawmakers can’t raise or suspend the debt ceiling, the federal government would likely default on payments, which would have catastrophic consequences, Yellen has warned.

Democrats insist Republicans join them in a bipartisan vote to suspend the debt limit. ...