Treasury nixes $1T platinum coin
WASHINGTON, Jan. 12 (UPI) -- The U.S. Treasury Department Saturday ruled out the possibility of solving the debt ceiling dilemma by minting a $1 trillion platinum coin.
Since there is no apparent restriction on how many or what denomination of platinum coins can be stamped by the federal government, all it would take is for President Obama to have one $1 trillion coin struck and deposited in the treasury. Pundits had speculated for weeks about the possibility of an end-run around congressional approval of a debt ceiling increase, with politicians also offering their two cents on the prospect.
But Treasury Department spokesman Anthony Coley told The Washington Post the Federal Reserve wouldn't accept such a coin.
"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," Coley told the newspaper.
Jindal: No guns for mentally ill
BATON ROUGE, La., Jan. 12 (UPI) -- Louisiana should report people unable to buy guns because of mental illness to federal authorities, Gov. Bobby Jindal said Friday.
Jindal, a Republican who described himself as a strong supporter of the Second Amendment, said he is proposing legislation that would allow Louisiana to share its findings on competence to own guns with the National Instant Criminal Background Check System database, the Shreveport Times reported. Gun retailers are required to check with NICS.
"Too often, both in Louisiana and in states across the nation, the mentally ill are slipping through the cracks and getting lost in the system," Jindal said in a news release. "In order to protect these individuals and the communities they reside in, it is imperative that we take proactive steps to prevent them from harming either themselves or others."
Jindal said the state will not share actual medical records, The (New Orleans) Times-Picayune reported. He said individuals will be removed from the list if they are found competent to own firearms.
At least 30 dead in Nepal bus crash
KATHMANDU, Nepal, Jan. 12 (UPI) -- At least 30 people were killed and 13 injured in Nepal Saturday when a bus hit a pole on the side of the road and fell 700 feet down a slope, police said.
The crash occurred about 375 miles west of the capital Kathmandu, CNN reported.
The bus driver was among the injured who were being treated at area hospitals.
Italy's high court: Gay couples may adopt
ROME, Jan. 12 (UPI) -- Italy's highest court, the Court of Cassation, has ruled homosexuals should be able to adopt children.
The court Friday rejected a claim by a Muslim man in Brescia that his child was being damaged because his former partner is now living with a woman, the Italian news agency ANSA reported. The court called the belief that being brought up by a gay couple is damaging to children "mere prejudice."
Flavio Romani, president of the group Arcigay, called it a "historic ruling" and said it will allow future governments to enact laws allowing same-sex marriage.
"The Cassation Court today reaffirmed what we've been saying for a long time," Romani said. "Love is what makes children grow, and not the sexual orientation of their parents."
Landslide in China kills 46
ZHENXIONG, China, Jan. 12 (UPI) -- The death toll from a landslide in southwest China rose to 46 as the bodies from the last two people missing were found Saturday, officials said.
The landslide occurred in the mountainous Yunnan province Friday morning, China's official Xinhua news agency reported.
Local civil affairs bureau officials said 46 people -- 27 adults and 19 children -- were buried in the landslide.
More than 1,000 rescue workers participated in rescue and disaster relief efforts, Xinhua said.
|Additional U.S. News Stories|
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