Current:Home > InvestWhat's the deal with the platinum coin? -Wealth Empowerment Zone
What's the deal with the platinum coin?
View
Date:2025-04-20 01:24:06
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! (81318)
Related
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- The Acceleration of an Antarctic Glacier Shows How Global Warming Can Rapidly Break Up Polar Ice and Raise Sea Level
- HCA Healthcare says hackers stole data on 11 million patients
- Americans are piling up credit card debt — and it could prove very costly
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- A Maryland TikToker raised more than $140K for an 82-year-old Walmart worker
- Biden Heads for Glasgow Climate Talks with High Ambitions, but Minus the Full Slate of Climate Policies He’d Hoped
- Lady Gaga Shares Update on Why She’s Been “So Private” Lately
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Britney Spears' memoir The Woman in Me gets release date
Ranking
- 'Most Whopper
- Historic floodwaters begin to recede as Vermont dam stabilizes after nearing capacity
- Behind your speedy Amazon delivery are serious hazards for workers, government finds
- Exxon climate predictions were accurate decades ago. Still it sowed doubt
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Thinx settled a lawsuit over chemicals in its period underwear. Here's what to know
- At buzzy health care business conference, investors fear the bubble will burst
- In 2018, the California AG Created an Environmental Justice Bureau. It’s Become a Trendsetter
Recommendation
Don't let hackers fool you with a 'scam
3D-printed homes level up with a 2-story house in Houston
Billion-Dollar Disasters: The Costs, in Lives and Dollars, Have Never Been So High
Please Stand Up and See Eminem's Complete Family Tree
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
U.S. hits its debt limit and now risks defaulting on its bills
Aviation leaders call for more funds for the FAA after this week's system failure
Anthropologie's Epic 40% Off Sale Has the Chicest Summer Hosting Essentials