Current:Home > InvestWhat's the deal with the platinum coin? -VitalWealth Strategies
What's the deal with the platinum coin?
View
Date:2025-04-11 19:14:32
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! (36693)
Related
- Trump's 'stop
- Two years after Surfside condo collapse, oldest victim's grandson writes about an Uncollapsable Soul
- OceanGate CEO Stockton Rush said in 2021 he'd broken some rules in design of Titan sub that imploded
- India's population passes 1.4 billion — and that's not a bad thing
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- A loved one's dementia will break your heart. Don't let it wreck your finances
- Proof Blake Shelton and Gwen Stefani's Latest Date Night Was Hella Good
- Are masks for the birds? We field reader queries about this new stage of the pandemic
- Intellectuals vs. The Internet
- How to protect yourself from poor air quality
Ranking
- The Super Bowl could end in a 'three
- U.S. pedestrian deaths reach a 40-year high
- Senate 2020: With Record Heat, Climate is a Big Deal in Arizona, but It May Not Sway Voters
- iCarly's Jerry Trainor Shares His Thoughts on Jennette McCurdy's Heartbreaking Memoir
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- The drug fueling another wave of overdose deaths
- Donald Triplett, the 1st person diagnosed with autism, dies at 89
- VA hospitals are outperforming private hospitals, latest Medicare survey shows
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Be a Part of Halle Bailey and Boyfriend DDG's World With This PDA Video
Senate 2020: In Storm-Torn North Carolina, an Embattled Republican Tries a Climate-Friendly Image
Abortion access could continue to change in year 2 after the overturn of Roe v. Wade
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
India's population passes 1.4 billion — and that's not a bad thing
FDA approves a new antibody drug to prevent RSV in babies
Malaria cases in Texas and Florida are the first U.S. spread since 2003, the CDC says