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Yellen calls $1 trillion coin idea 'a gimmick'
Congress struggles to raise debt ceiling as deadline looms
Bokeh Capital Partners LLC. founder Kim Forrest, Kaltbaum Capital Management President Gary Kaltbaum and Money Map Press Chief Strategist Shah Gilani discusses the debt ceiling, ongoing supply chain crisis and inflation.
Treasury Secretary Janet Yellen threw cold water on the idea of minting a $1 trillion coin as a way to get around raising the U.S. debt limit to avoid default, calling the notion supported by several Democrats "a gimmick."
When asked about the proposal on CNBC's "Squawk Box," Yellen said, "I'm opposed to it, and I don't think we should take it seriously."