Current:Home > MyWhat's the deal with the platinum coin? -FinanceMind
What's the deal with the platinum coin?
View
Date:2025-04-13 00:29:27
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! (4494)
Related
- Sonya Massey's father decries possible release of former deputy charged with her death
- Justice Department sues over Baltimore bridge collapse and seeks $100M in cleanup costs
- Longshoremen at key US ports threatening to strike over automation and pay
- Tori Spelling Reveals If She Regrets 90210 Reboot After Jennie Garth's Comments
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- What will become of Sean ‘Diddy’ Combs’ musical legacy? Experts weigh in following his indictment
- Jealousy, fear, respect: How Caitlin Clark's been treated by WNBA players is complicated
- See Inside Gigi Hadid's Daughter Khai's Super Sweet 4th Birthday Party
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Winning numbers for Sept. 17 Mega Millions drawing: Jackpot rises to $31 million
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Trail camera captures 'truly amazing' two-legged bear in West Virginia: Watch
- What to make of the Pac-12, Georgia? Who wins Week 4 showdowns? College Football Fix discusses
- Heat Protectants That Will Save Your Hair From Getting Fried
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Influencer Candice Miller Sued for Nearly $200,000 in Unpaid Rent After Husband Brandon’s Death
- The Daily Money: Look out for falling interest rates
- Lack of citizenship documents might keep many from voting in Arizona state and local races
Recommendation
Travis Hunter, the 2
Texas lawmakers show bipartisan support to try to stop a man’s execution
Mother and grandparents indicted on murder charge in death of emaciated West Virginia girl
Tallulah Willis Details Painful Days Amid Dad Bruce Willis' Health Battle
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Amazon announces dates for its October Prime Day sales
The Federal Reserve is finally lowering rates. Here’s what consumers should know
Georgia prosecutors drop all 15 counts of money laundering against 3 ‘Cop City’ activists