Current:Home > MarketsWhat's the deal with the platinum coin? -Momentum Wealth Path
What's the deal with the platinum coin?
View
Date:2025-04-12 22:17:37
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! (18)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Noncitizen voting isn’t an issue in federal elections, regardless of conspiracy theories. Here’s why
- Robert Pattinson Supports Suki Waterhouse at Coachella Weeks After They Welcomed Their First Baby
- Who's hosting 'SNL' tonight? Cast, musical guest, where to watch April 13 episode
- Meta releases AI model to enhance Metaverse experience
- Memphis police officer shot and killed while responding to suspicious vehicle report; 1 suspect dead
- Tiger Woods shoots career-worst round at Masters to fall out of contention
- When does NBA play-in tournament start? Games could feature Lakers, Warriors, Heat
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- A man stabbed to death 5 people in a Sydney shopping center and was fatally shot by police
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- 1 dead, 13 injured after man crashes truck into Texas Department of Public Safety building
- FCC requires internet providers to show customers fees with broadband 'nutrition labels'
- Colorado inmate overpowers deputy, escapes hospital; considered 'extremely dangerous'
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Chicago shooting kills 7-year-old girl and wounds 7 people including small children, police say
- 10 years after armed standoff with federal agents, Bundy cattle are still grazing disputed rangeland
- Tennessee Vols wrap up spring practice with Nico Iamaleava finally under center
Recommendation
'Most Whopper
Maine lawmakers reject bill for lawsuits against gunmakers and advance others after mass shooting
JoJo Siwa Addresses Claim She “Stole” Her New Song “Karma” From Miley Cyrus and Brit Smith
Dallas doctor convicted of tampering with IV bags linked to co-worker’s death and other emergencies
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Leonard Leo won't comply with Senate Democrats' subpoena in Supreme Court ethics probe
Chicago shooting kills 7-year-old girl and wounds 7 people including small children, police say
My Date With the President's Daughter Star Elisabeth Harnois Imagines Where Her Character Is Today