Current:Home > MarketsWhat's the deal with the platinum coin? -InfinityFinance
What's the deal with the platinum coin?
View
Date:2025-04-15 10:56:38
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! (9923)
Related
- Sonya Massey's father decries possible release of former deputy charged with her death
- Gino Mäder, Swiss cyclist, dies at age 26 after Tour de Suisse crash
- Rare Roman mausoleum unearthed at London development site
- At least 78 dead and dozens feared missing after fishing boat sinks off Greece
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- How 165 Words Could Make Mass Environmental Destruction An International Crime
- Olympian Sunisa Lee Ending College Gymnastics Career Early Due to Health Issue
- U.K. mother sentenced to prison for using abortion pills during last trimester of pregnancy
- $73.5M beach replenishment project starts in January at Jersey Shore
- Tommy Lee's Wife Brittany Furlan Shares Update on Pamela Anderson Relationship After Documentary Comments
Ranking
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Think Pink With These 67 Barbiecore Gifts Under $50
- Soldiers arrested after executions of 5 men near U.S. border, Mexico's president says
- How Malia Obama Is Taking a Major Step in Her Hollywood Career
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Ukraine says 10 killed in Dnipro as Russia attacks civilians with counteroffensive pushing forward
- Too Faced Cosmetics 2 for the Price of 1 Deal: Better Than Sex Mascara and Damn Girl Mascara
- Maralee Nichols' New Photos of Her and Tristan Thompson's Son Showcase True Happiness
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Lamar Odom Invests in Addiction Treatment Centers After His Own Health Journey
Hugh Jackman Undergoes 2 Biopsies for Basal Cell Carcinoma Amid New Health Scare
U.S. says Ukraine's counteroffensive against Russia will likely take a long time and come at a high cost
The Best Stocking Stuffers Under $25
U.S. citizen Michael Travis Leake detained in Moscow on drug charges
The Record Temperatures Enveloping The West Are Not Your Average Heat Wave
Russian man killed in rare shark attack off Egypt's Red Sea coast