Current:Home > MyWhat's the deal with the platinum coin? -InvestPioneer
What's the deal with the platinum coin?
View
Date:2025-04-14 09:46:29
The jig is up. The U.S. can't legally borrow any more money. Maybe you've heard of "extraordinary measures" being taken to make sure the government can keep paying its bills. Today on the show, an extra extraordinary measure—a single, trillion-dollar platinum coin to fund the government's spending.
We hear from Willamette University assistant law professor Rohan Grey about how this would work, and from Louise Sheiner of the Brookings Institution about why it probably won't happen.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (6777)
Related
- Current, future North Carolina governor’s challenge of power
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Global Warming Set the Stage for Los Angeles Fires
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Military service academies see drop in reported sexual assaults after alarming surge
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- 'Most Whopper
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Ranking
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Could your smelly farts help science?
- The Grammy nominee you need to hear: Esperanza Spalding
- This was the average Social Security benefit in 2004, and here's what it is now
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Former Syrian official arrested in California who oversaw prison charged with torture
Louvre will undergo expansion and restoration project, Macron says
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
US appeals court rejects Nasdaq’s diversity rules for company boards
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
What do we know about the mysterious drones reported flying over New Jersey?
Average rate on 30