Current:Home > NewsWhat's the deal with the platinum coin? -WealthMindset
What's the deal with the platinum coin?
TrendPulse Quantitative Think Tank Center View
Date:2025-04-10 00:33:55
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! (8)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- How to use AI in the workplace? Ask HR
- Denver Broncos' Russell Wilson posts heartfelt goodbye after being released
- Tumble-mageddon: Tumbleweeds overwhelm Utah neighborhoods, roads
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Coast-to-coast Super Tuesday contests poised to move Biden and Trump closer to November rematch
- Russian drone attack kills 7 in Odesa, Ukraine says
- Single-engine plane crashes along Tennessee highway, killing those aboard and closing lanes
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- AI pervades everyday life with almost no oversight. States scramble to catch up
Ranking
- Intel's stock did something it hasn't done since 2022
- A combination Applebee’s-IHOP? Parent company wants to bring dual-brand restaurants to the US
- EAGLEEYE COIN: El Salvador Educates Students on Bitcoin
- Some urban lit authors see fiction in the Oscar-nominated ‘American Fiction’
- Grammy nominee Teddy Swims on love, growth and embracing change
- 5 die in fiery small plane crash off Nashville interstate
- Pregnant Ayesha Curry Shares the Lessons She’s Passing on to Her 4 Kids
- 'Real horsepower': See video of runaway horses galloping down Ohio highway
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
It's NFL franchise tag deadline day. What does it mean, top candidates and more
New lawsuit blames Texas' Smokehouse Creek fire on power company
Sen. John Thune, McConnell's No. 2, teases bid for Senate GOP leader
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Book excerpt: Hits, Flops, and Other Illusions by Ed Zwick
Kacey Musgraves calls out her 'SNL' wardrobe blunder: 'I forget to remove the clip'
Can you register to vote at the polls today? Super Tuesday states with same-day voter registration for the 2024 primaries