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Obama gov't kills notion of minting platinum coins to avoid debt crisis

时间：2013-01-14 03:04:55

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 　　WASHINGTON, Jan. 12 (Xinhua) -- The Obama administration on Saturday killed the idea of minting platinum1 coins in the denomination2 of 1 trillion U.S. dollars to generate revenue and avoid the looming3 battle with Republicans on raising the federal government's debt ceiling.

　　"Neither the Treasury4 Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit," Treasury Department spokesman Anthony Coley said in a short statement.
　　Some Democrats5 and economists7, including Nobel Prize-winning economist6 Paul Krugman, contended that the Treasury could mint a platinum coin with a face value of 1 trillion dollars and deposit it at the Federal Reserve, which would credit the sum to the government's account and continue the government's normal operations.
　　The U.S. federal government reached its debt limit of 16.4 trillion dollars on December 31, 2012 and the Treasury was taking extraordinary measures to temporarily postpone8 the date that the United States would otherwise default on its legal obligations.
　　Democrats and Republicans struck a deal on Jan. 1 to avoid the so-called "fiscal9 cliff," a combination of tax hikes and automatic government spending cuts. Raising the federal government's debt ceiling would be the next flash point between Democrats and Republicans, as Republicans were urging for steep government cuts in line with a debt ceiling increase.

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1 platinum CuOyC     
n.白金
参考例句：
  • I'll give her a platinum ring.我打算送给她一枚白金戒指。
  • Platinum exceeds gold in value.白金的价值高于黄金。
2 denomination SwLxj     
n.命名，取名，(度量衡、货币等的)单位
参考例句：
  • The firm is still operating under another denomination.这家公司改用了名称仍在继续营业。
  • Litre is a metric denomination.升是公制单位。
3 looming 1060bc05c0969cf209c57545a22ee156     
n.上现蜃景（光通过低层大气发生异常折射形成的一种海市蜃楼）v.隐约出现，阴森地逼近( loom的现在分词 )；隐约出现，阴森地逼近
参考例句：
  • The foothills were looming ahead through the haze. 丘陵地带透过薄雾朦胧地出现在眼前。 来自《简明英汉词典》
  • Then they looked up. Looming above them was Mount Proteome. 接着他们往上看，在其上隐约看到的是蛋白质组山。 来自英汉非文学 - 生命科学 - 回顾与展望
4 treasury 7GeyP     
n.宝库；国库，金库；文库
参考例句：
  • The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
  • This book is a treasury of useful information.这本书是有价值的信息宝库。
5 democrats 655beefefdcaf76097d489a3ff245f76     
n.民主主义者，民主人士( democrat的名词复数 )
参考例句：
  • The Democrats held a pep rally on Capitol Hill yesterday. 民主党昨天在国会山召开了竞选誓师大会。
  • The democrats organize a filibuster in the senate. 民主党党员组织了阻挠议事。 来自《简明英汉词典》
6 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
7 economists 2ba0a36f92d9c37ef31cc751bca1a748     
n.经济学家，经济专家( economist的名词复数 )
参考例句：
  • The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
  • Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》
8 postpone rP0xq     
v.延期，推迟
参考例句：
  • I shall postpone making a decision till I learn full particulars.在未获悉详情之前我得从缓作出决定。
  • She decided to postpone the converastion for that evening.她决定当天晚上把谈话搁一搁。
9 fiscal agbzf     
adj.财政的，会计的，国库的，国库岁入的
参考例句：
  • The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
  • The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

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