Current:Home > NewsWhat's the deal with the platinum coin? -CapitalEdge
What's the deal with the platinum coin?
View
Date:2025-04-18 00:52:05
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! (57)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Recreational marijuana backers try to overcome rocky history in South Dakota
- Future of MLB’s Tampa Bay Rays to come into focus with key meetings on $1.3B stadium project
- 3 things we learned from Disney's latest earnings report
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Kelsea Ballerini’s Post-Met Gala Ritual Is So Relatable
- Climate Change Is Pushing Animals Closer to Humans, With Potentially Catastrophic Consequences
- Most FTX customers to get all their money back less than 2 years after catastrophic crypto collapse
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- 15 House Democrats call on Biden to take border executive action
Ranking
- Don't let hackers fool you with a 'scam
- Trial begins for ex-University of Arizona grad student accused of fatally shooting professor in 2022
- CFL suspends former NFL QB Chad Kelly 9 games for violating gender-based violence policy
- CFL suspends former NFL QB Chad Kelly 9 games for violating gender-based violence policy
- $73.5M beach replenishment project starts in January at Jersey Shore
- New Mexico high court upholds man’s 3 murder convictions in 2018 shooting deaths near Dixon
- Boy Scouts of America announces name change to Scouting America, in effect next year
- WNBA to begin full-time charter flights this season, commissioner says
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Boy Scouts of America announces name change to Scouting America, in effect next year
Police break up demonstration at UChicago; NYU students protest outside trustees' homes: Live updates
Afghan diplomat Zakia Wardak resigns after being accused of smuggling almost $2 million worth of gold into India
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Texas mother sent text to ex-husband saying, 'Say goodbye to your son' before killing boy
NFL schedule release 2024: Here are the best team schedule release videos in recent memory
Mother of Australian surfers killed in Mexico gives moving tribute to sons at a beach in San Diego