Current:Home > FinanceWhat's the deal with the platinum coin? -DataFinance
What's the deal with the platinum coin?
View
Date:2025-04-14 14:40:39
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! (188)
Related
- Arkansas State Police probe death of woman found after officer
- Why Kelly Clarkson Feels a “Weight Has Lifted” After Moving Her Show to NYC
- FDA faces pressure to act nationwide on red dye in food
- U.S. book bans are taking a toll on a beloved tradition: Scholastic Book Fairs
- Bodycam footage shows high
- Dak Prescott, Cowboys rally in fourth quarter for a 20-17 victory over the Chargers
- Soccer match between Belgium and Sweden suspended after deadly shooting in Brussels
- Los Angeles hit with verdict topping $13 million in death of man restrained by police officers
- All That You Wanted to Know About She’s All That
- Candidates wrangle over abortion policy in Kentucky gubernatorial debate
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Why Kelly Clarkson Feels a “Weight Has Lifted” After Moving Her Show to NYC
- Suzanne Somers' Husband Alan Hamel Details Final Moments Before Her Death
- Donald Trump is going back to court. Here’s what he’s missed since his last visit to NYC fraud trial
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Blinken calls for protecting civilians as Israel prepares an expected assault on Gaza
- Taylor Swift wraps her hand in Travis Kelce's in NYC outing after 'SNL' cameos
- Medicare Advantage keeps growing. Tiny, rural hospitals say that's a huge problem
Recommendation
A White House order claims to end 'censorship.' What does that mean?
Iranian film director Dariush Mehrjui and his wife stabbed to death in home, state media reports
Rangers hold off Astros in Game 2 to take commanding ALCS lead, stay perfect in MLB playoffs
NASCAR rescinds Ryan Blaney Las Vegas disqualification; restores playoff driver's result
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
'It's garbage, man': Jets WR Garrett Wilson trashes playing surface at MetLife Stadium
Zipcar fined after allowing customers rent vehicles with open, unrepaired recalls
Gaza conditions worsen following Israeli onslaught after Hamas attack