Current:Home > FinanceWhat's the deal with the platinum coin? -Edge Finance Strategies
What's the deal with the platinum coin?
View
Date:2025-04-12 01:00:11
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! (91)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Judge blocks removal of Confederate memorial from Arlington Cemetery, for now
- 5 kids home alone die in fire as father is out Christmas shopping, police say
- Celine Dion's sister gives update on stiff-person syndrome, saying singer has no control of her muscles
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- 26 Essential Gifts for True Crime Fans Everywhere
- Defense secretary to hold meeting on reckless, dangerous attacks by Houthis on commercial ships in Red Sea
- Chelsea and Fulham win penalty shootouts to reach English League Cup semifinals
- What do we know about the mysterious drones reported flying over New Jersey?
- Defense secretary to hold meeting on reckless, dangerous attacks by Houthis on commercial ships in Red Sea
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- Fantasy football Start ‘Em, Sit ‘Em: 16 players to start or sit in Week 16
- Judge temporarily halts removal of Confederate Monument at Arlington National Cemetery
- Washington’s Kalen DeBoer is the AP coach of the year after leading undefeated Huskies to the CFP
- B.A. Parker is learning the banjo
- 13,000 people watched a chair fall in New Jersey: Why this story has legs (or used to)
- Members of a union representing German train drivers vote for open-ended strikes in bitter dispute
- Ancient curse tablet targeting unlucky pair unearthed by archaeologists in Germany
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Publix Spinach and Fresh Express Spinach recalled due to listeria fears
Colorado Supreme Court bans Trump from the state’s ballot under Constitution’s insurrection clause
Ancient curse tablet targeting unlucky pair unearthed by archaeologists in Germany
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
'Charmed' star Holly Marie Combs alleges Alyssa Milano had Shannen Doherty fired from show
Washington man charged in 4 murders lured victims with promises of buried gold: Court docs
Judge weighs whether to block removal of Confederate memorial at Arlington Cemetery