Current:Home > ScamsWhat's the deal with the platinum coin? -WealthSphere Pro
What's the deal with the platinum coin?
View
Date:2025-04-13 06:47:50
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! (5638)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Wade Rousse named new president of Louisiana’s McNeese State University
- Authorities investigating law enforcement shooting in Memphis
- Google plans to invest $2 billion to build data center in northeast Indiana, officials say
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Offense galore: Record night for offensive players at 2024 NFL draft; QB record also tied
- John Legend and Chrissy Teigen Reveal Their Parenting Advice While Raising 4 Kids
- Charges revealed against a former Trump aide and 4 lawyers in Arizona fake electors case
- What do we know about the mysterious drones reported flying over New Jersey?
- Jeannie Mai alleges abuse, child neglect by Jeezy in new divorce case filing
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Authorities investigating law enforcement shooting in Memphis
- Summer House Star Paige DeSorbo Uses This $10 Primer to Lock Her Makeup in Place
- Chicago appeals court rejects R. Kelly ‘s challenge of 20-year sentence
- Retirement planning: 3 crucial moves everyone should make before 2025
- Jeannie Mai alleges abuse, child neglect by Jeezy in new divorce case filing
- Wade Rousse named new president of Louisiana’s McNeese State University
- Caleb Williams breaks Caitlin Clark's record for draft night merchandise sales
Recommendation
Bodycam footage shows high
Reggie Bush calls for accountability after long battle to reclaim Heisman Trophy
Jury in Abu Ghraib trial says it is deadlocked; judge orders deliberations to resume
Rise in all-cash transactions turbocharge price gains for luxury homes
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Rebel Wilson's memoir allegation against Sacha Baron Cohen redacted in UK edition: Reports
Veteran taikonaut, 2 rookies launched on long-duration Chinese space station flight
Stowaway cat who climbed into owner's Amazon box found 650 miles away in California