Current:Home > MarketsWhat's the deal with the platinum coin? -Dynamic Money Growth
What's the deal with the platinum coin?
View
Date:2025-04-12 03:53:04
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! (82)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- The Story of a Father's Unsolved Murder and the Daughter Who Made a Podcast to Find the Truth
- Woman charged in murder-for-hire plot to kill husband
- Walgreens CEO Roz Brewer resigns after less than 3 years on the job
- The company planning a successor to Concorde makes its first supersonic test
- Shooting at Louisiana high school football game kills 1 person and wounds another, police say
- Man who escaped Oregon mental hospital while shackled found stuck in muddy pond
- Deion Sanders' hype train drives unprecedented attention, cash flow to Colorado
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Manhunt for murderer Danelo Cavalcante enters second day after Pennsylvania prison escape
Ranking
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- In Idalia's wake, a path of destruction and the start of cleanup
- Meet ZEROBASEONE, K-pop's 'New Kidz on the Block': Members talk debut and hopes for future
- 'Channel your anger': Shooting survivors offer advice after Jacksonville attack
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- September Surge: Career experts disagree whether hiring surge is coming in 2023's market
- New Jersey gas tax to increase by about a penny per gallon starting Oct. 1
- As Taiwan’s government races to counter China, most people aren’t worried about war
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Rumer Willis Breastfeeds Daughter Louetta at the Beach After Being Mom-Shamed
Schooner that sank in Lake Michigan in 1881 found intact, miles off Wisconsin coastline
Texas man pleads guilty to threatening Georgia public officials after 2020 election
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Things to know about the latest court and policy action on transgender issues in the US
Spectrum Cable can't show these college football games amid ESPN dispute
Labor unions praise Biden's plan to boost staffing at nursing homes