Current:Home > MyWhat's the deal with the platinum coin? -CapitalWay
What's the deal with the platinum coin?
View
Date:2025-04-16 15:02:17
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! (886)
Related
- North Carolina justices rule for restaurants in COVID
- Police search for 'armed, dangerous' man after Maine shooting leaves 18 dead: Live updates
- Halloween alert: Test finds many chocolates contain concerning levels of metals
- Professor who never showed up for class believed to be in danger: Police
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Imprisoned ‘apostle’ of Mexican megachurch La Luz del Mundo charged with federal child pornography
- Hundreds of miners leave South Africa gold mine after being underground for 3 days in union dispute
- 2024 NBA All-Star Game will return to East vs. West format
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Mom convicted of killing kids in Idaho will be sent to Arizona to face murder conspiracy charges
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- House from hit Netflix show 'Sex Education' now on the market for sale, listed for $1.8M
- European Union leaders seek aid access to Gaza and weigh the plight of EU citizens there
- Book excerpt: North Woods by Daniel Mason
- All That You Wanted to Know About She’s All That
- Strong US economic growth for last quarter likely reflected consumers’ resistance to Fed rate hikes
- Norwegian police investigate claim by Ingebrigtsen brothers that their father and coach was violent
- Cameron Diaz Has the Perfect Pitch for Best Dad Ever Benji Madden's Next Album
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
White House wants more than $23 billion from Congress to respond to natural disasters
Police say there’s an active shooter in Lewiston, Maine, and they are investigating multiple scenes
Abortions in US rose slightly after post-Roe restrictions were put in place, new study finds
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
41 states sue Meta alleging that Instagram and Facebook is harmful, addictive for kids
Olivia Rodrigo worries she's a 'bad influence' on Jimmy Kimmel's kids as they sing her songs
The Beigie Awards: Why banks are going on a loan diet