Current:Home > InvestWhat's the deal with the platinum coin? -Infinite Edge Capital
What's the deal with the platinum coin?
View
Date:2025-04-17 16:59:48
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! (5)
Related
- A White House order claims to end 'censorship.' What does that mean?
- Fed official broke ethics rules but didn’t violate insider trading laws, probe finds
- Reggie Bush was at his LA-area home when 3 male suspects attempted to break in
- Justin Timberlake Strikes Plea Deal in DWI Case
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Fearless Fund settles DEI fight and shuts down grant program for Black women
- Taylor Swift makes VMAs history with most career wins for a solo artist
- Dawn Richard of Danity Kane accuses Diddy of sexual abuse in bombshell lawsuit
- Trump wants to turn the clock on daylight saving time
- Get Ahead of Spooky Season: Here Are 15+ Easy Halloween Costumes You Can Buy Right Now
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- All the Couples Who Made the 2024 MTV VMAs a Red Carpet Date Night
- Katy Perry and Orlando Bloom's PDA-Filled 2024 MTV VMAs Moments Will Have You Feeling Wide Awake
- Mississippi man found not guilty of threatening Republican US Sen. Roger Wicker
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Truth Social parent company shares close at record low after Trump-Harris debate
- Omaha school shooting began with a fight between 2 boys, court documents say
- MLB playoff picture: Wild card standings, 2024 division standings
Recommendation
'Most Whopper
Mississippi man found not guilty of threatening Republican US Sen. Roger Wicker
Norfolk Southern fires CEO Alan Shaw for an inappropriate relationship with an employee
Auburn QB Payton Thorne says bettors asked him for money on Venmo after loss
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Fearless Fund drops grant program for Black women business owners in lawsuit settlement
2024 MTV VMAs: Katy Perry Makes Coy Reference to Orlando Bloom Sex Life While Accepting Vanguard Award
The echoes of Colin Kaepernick ring loudly in Tyreek Hill police detainment