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Trillion-dollar coin. The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis of 2011 as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum coins. The concept gained more mainstream attention by late ...
The Trouble with Trillions. The living room is a sauna, with three men in towels relaxing. The Simpsons (also in towels) arrive, but leave sheepishly as the three men glare at them. [1] " The Trouble with Trillions " is the twentieth episode in the ninth season of the American animated television series The Simpsons.
The Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the name of four official currencies of Zimbabwe from 1980 to 12 April 2009. During this time, it was subject to periods of extreme inflation, followed by a period of hyperinflation.
Most forms of currency, however, are set by statute, meaning it would take an act of Congress to print a $1 trillion bill. However the $1 trillion coin may be legal based on a legislative loophole ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
On 2 February 2009, the Reserve Bank introduced banknotes of the fourth dollar, equal to one trillion (1 000 000 000 000 or 10 12) third dollars: the banknotes of the third dollar were supposed to lose legal tender status by 1 July 2009, but the power-sharing government of Prime Minister Morgan Tsvangirai instead suspended the Zimbabwean dollar ...
As larger bills were needed to pay for menial amounts, the Reserve Bank of Zimbabwe planned to print and circulate denominations of up to Z$10, 20, 50, and 100 trillion. [62] Announcements of new denominations were increasingly frequent; the Z$200 000 000 bill was announced just days after the printing of the Z$100 000 000 bills.
This amended version included approximately $1.2 trillion in spending, with $550 billion newly authorized spending on top of what Congress was planning to authorize regularly. [3] [4] The amended bill was passed 69–30 by the Senate on August 10, 2021.