Current:Home > MyWhat's the deal with the platinum coin? -TruePath Finance
What's the deal with the platinum coin?
View
Date:2025-04-11 19:34:00
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! (7)
Related
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- 'Got to love this': Kyrie Irving talks LeBron James relationship ahead of 2024 NBA Finals
- Demonstrators occupy building housing offices of Stanford University’s president
- How Kallie and Spencer Wright Are Coping Days After 3-Year-Old Son Levi's Death
- Federal hiring is about to get the Trump treatment
- A brief history of second-round success stories as Bronny James eyes NBA draft
- Amanda Knox’s Slander Conviction Upheld by Italian Court in Meredith Kercher Murder Case
- Iowa sheriff finds 3 dead, 1 injured in rural home near Cedar Rapids
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- A brief history of second-round success stories as Bronny James eyes NBA draft
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Lily Yohannes, 16, makes history with goal vs. South Korea in first USWNT cap
- Watch Live: Senate votes on right to contraception bill as Democrats pressure Republicans
- Georgia’s ruling party introduces draft legislation curtailing LGBTQ+ rights
- Former longtime South Carolina congressman John Spratt dies at 82
- How James Patterson completed Michael Crichton's Eruption
- Kerry Washington takes credit for 'Scandal' co-star Tony Goldwyn's glow up
- Nina Dobrev Shares Update After Undergoing Surgery
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Why Kelly Osbourne Says Her Body Is “Pickled From All the Drugs and Alcohol”
AT&T says it has resolved nationwide issue affecting ability of customers to make calls
Dog left in U-Haul at least 100 degrees inside while owners went to Florida beach: See video of rescue
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Hubble Space Telescope faces setback, but should keep working for years, NASA says
Jennie Garth and Peter Facinelli Address Their Divorce for the First Time in 12 Years
Travis Kelce Reveals He Was Warned About Getting Tased During White House Visit