No Trillion Dollar Platinum Coin

Despite receiving support from Paul Krugman and most Democratic/liberal pundits, the Obama administration now seems to have decided against using the "platinum coin" option to evade the debt limit.

Which is (probably) good since this might mean that House Republicans will finally be able to get spending cuts implemented  The Obama administration still insists it won't negotiate, but they seem more likely (though not certain) to blink in the coming "chicken race".