Current:Home > FinanceWhat's the deal with the platinum coin? -VisionFunds
What's the deal with the platinum coin?
View
Date:2025-04-16 12:29:12
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! (594)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Man charged in death of dog breeder claims victim was killed over drug cartel
- Yellen says ending Biden tax incentives would be ‘historic mistake’ for states like North Carolina
- When do new 'Selling Sunset' episodes come out? Season 8 release date, cast, where to watch
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Can the city of Savannah fine or jail people for leaving guns in unlocked cars? A judge weighs in
- Texas Attorney General Ken Paxton sues Bexar County over voter registration outreach effort
- Brian Stelter rejoining CNN 2 years after he was fired by cable network
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- The internet reacts to Jenn Tran's dramatic finale on 'The Bachelorette': 'This is so evil'
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- Panic on the streets of Paris for Australian Olympic breaker
- NFL schedule today: Everything to know about Ravens vs. Chiefs on Thursday
- Bigger and Less Expensive: A Snapshot of U.S. Rooftop Solar Power and How It’s Changed
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Debate Flares Over Texas’ Proposed Oil and Gas Waste Rule
- Chargers QB Justin Herbert one of NFL’s best leaders? Jim Harbaugh thinks so
- USA TODAY's NFL Survivor Pool is back: What you need to know to win $5K cash
Recommendation
Woman dies after Singapore family of 3 gets into accident in Taiwan
Patrick Surtain II, Broncos agree to four-year, $96 million extension
You Have 24 Hours To Get 50% Off the Viral Benefit Fan Fest Mascara & More Sephora Deals
No-hitter! Cubs make history behind starter Shota Imanaga vs. Pirates
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Broadway 2024: See which Hollywood stars and new productions will hit New York
Why isn't Rashee Rice suspended? What we know about Chiefs WR's legal situation
Olivia Munn Shares Health Update Amid Breast Cancer Journey