WASHINGTON Jan 12 The U.S. Treasury Department
said on Saturday it will not produce platinum coins as a way to
avoid an increase in the U.S. debt ceiling.
The idea has gained some momentum among Democrats in recent
days with Republicans threatening another debt ceiling showdown
over spending cuts. The United States is expected to reach its
debt limit in February.
"Neither the Treasury 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," said Treasury spokesman Anthony
Coley in a statement.