Current:Home > ContactWhat's the deal with the platinum coin? -SecureNest Finance
What's the deal with the platinum coin?
View
Date:2025-04-14 23:23:21
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! (26179)
Related
- All That You Wanted to Know About She’s All That
- Remains believed to be missing woman, daughter found at West Virginia home on same day suspect died
- LeBron James steams over replay reversal in Lakers' loss: 'It doesn't make sense to me'
- George Santos ends comeback bid for Congress after raising no money
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Few have heard about Biden's climate policies, even those who care most about issue — CBS News poll
- Baltimore port to open deeper channel, enabling some ships to pass after bridge collapse
- Oklahoma police say 10-year-old boy awoke to find his parents and 3 brothers shot to death
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Rebel Wilson Details Memories of a Wild Party With Unnamed Royal Family Member
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Kellie Pickler Returns to Stage for First Performance Since Husband Kyle Jacobs' Death
- Emily Henry does it again. Romantic 'Funny Story' satisfies without tripping over tropes
- In 2 years since Russia's invasion, a U.S. program has resettled 187,000 Ukrainians with little controversy
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- WNBA's Kelsey Plum, NFL TE Darren Waller file for divorce after one-year of marriage
- Victoria Beckham’s New Collaboration with Mango Is as Posh as It Gets - Here Are the Best Pieces
- South Carolina Senate wants accelerated income tax cut while House looks at property tax rebate
Recommendation
Travis Hunter, the 2
Baltimore port to open deeper channel, enabling some ships to pass after bridge collapse
Crew members injured in crash on Georgia set of Eddie Murphy Amazon MGM movie ‘The Pickup’
'Family Guy' actor Patrick Warburton says his parents 'hate the show'
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Most distant spacecraft from Earth sends data to NASA for first time in 5 months
New Mexico reaches settlement in 2017 wage-theft complaint after prolonged legal battle
Texas deputy dies after being hit by truck while helping during accident