Current:Home > ScamsWhat's the deal with the platinum coin? -WealthSphere Pro
What's the deal with the platinum coin?
View
Date:2025-04-19 03:28:47
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! (5231)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- American woman killed in apparent drug dealer crossfire in Mexican resort city of Tulum
- Dakota Johnson's Trainer Megan Roup Wants You to Work Out Less
- Judge to consider whether to remove District Attorney Fani Willis from Georgia election case
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- A radio station is now playing Beyoncé's country song after an outcry from fans
- Alabama lawmakers want to change archives oversight after dispute over LGBTQ+ lecture
- Oil and gas producer to pay millions to US and New Mexico to remedy pollution concerns
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- The CDC may be reconsidering its COVID isolation guidance
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Nintendo amps up an old feud in 'Mario vs. Donkey Kong'
- Why Abigail Spencer Is Praising Suits Costar Meghan Markle Amid Show's Revival
- Mystery ship capsizes in Trinidad and Tobago, triggering massive oil spill and national emergency
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Last-minute love: Many Americans procrastinate when it comes to Valentine’s gifts
- Southern Charm’s Madison LeCroy's Date Night Musts Include a Dior Lip Oil Dupe & BravoCon Fashion
- Portland, Maine, shows love for late Valentine’s Day Bandit by continuing tradition of paper hearts
Recommendation
Why members of two of EPA's influential science advisory committees were let go
Flight attendants hold picket signs and rallies in protest for new contracts, pay raises
VaLENTines: Start of Lent on Feb. 14 puts indulgence, abstinence in conflict for some
Blinken speaks with Paul Whelan, American detained in Russia, for third time
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Suspect captured in fatal shooting of Tennessee sheriff's deputy
How to have 'Perfect Days' in a flawed world — this film embraces beauty all around
Beyoncé surprises with sparkling appearance at Luar show during NYFW