Americans are particularly fond of coining words and concepts, but their actual vocabulary is not large. The names of places and people are basically used back and forth, such as Washington, James and Pennsylvania. The name of this' Pennsylvania Plan 'is also derived from the fact that the address of the US Treasury Department is located at 1500 Pennsylvania Avenue NW, Washington, DC 20220. This plan is similar to the previous "Sea Lake Manor Agreement", which is all about the US debt problem. Differently, the 'Pennsylvania Plan' focuses more on the issue of the continued expansion of fiscal and trade deficits (also known as the 'dual deficit'). Its core idea is to "reduce foreign dependence+activate domestic bond purchases", and alleviate the pressure of debt financing through innovative means such as introducing US dollar stablecoins and policy adjustments, such as excluding the calculation of US dollar bonds in the bank's SLR (supplementary leverage ratio). In fact, this plan can be understood as a supporting measure introduced to cope with the deficit pressure caused by the increase in the debt ceiling after the passage of the Beautiful Bill. In the short term, the plan is to quickly fill the gap caused by the decrease in foreign buyers by issuing US dollar stablecoins supported by short-term treasury bills, avoiding the breakage of the financing chain and buying time for fiscal adjustment. The goal is to reshape the debt financing structure of the United States, reduce dependence on external capital, and enhance economic resilience. However, without the support of subsequent fiscal deficit reforms, higher sovereign risk premiums and a decline in US dollar credit may still be inevitable in the long run.