Current:Home > InvestWhat's the deal with the platinum coin? -Blueprint Wealth Network
What's the deal with the platinum coin?
View
Date:2025-04-26 22:46:17
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! (9864)
Related
- Travis Hunter, the 2
- A year on, a small Ohio town is recovering from a fiery train derailment but health fears persist
- Employers added 353,000 jobs in January, blowing past forecasts
- AP Decision Notes: What to expect in Nevada’s presidential primary and caucuses
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Tesla recalls over 2 million vehicles in US due to font size issue with warning lights
- Starting five: Cameron Brink, Stanford host UCLA in biggest women's game of the weekend
- Suspect accused of killing and beheading his father bought a gun the previous day, prosecutor says
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Veterans advocate claims smoking gun records prove toxic exposure at military base
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- Why Demi Lovato Performed Heart Attack at a Cardiovascular Disease Event
- Carl Weathers, linebacker-turned-actor who starred in 'Rocky' movies, dies at 76
- Bruce Springsteen's mother, Adele Springsteen, dies at 98
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Justin Bieber Returns To The Stage A Year After Canceling World Tour
- Biden attends dignified transfer of 3 soldiers killed in Jordan drone attack
- Christian McCaffrey's mom said they can't afford 'stupidly expensive' Super Bowl suites
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
Texas Dairy Queen workers were selling meth with soft serves, police say
Boston-area teachers reach tentative contract agreement after 11-day strike
Carl Weathers, action star of 'Rocky' movies, 'Predator' and 'The Mandalorian,' dies at 76
A South Texas lawmaker’s 15
Mayorkas is driven by his own understanding of the immigrant experience. Republicans want him gone
Mom charged after police say she moved with her boyfriend, left child with no heat, water
Hulu to enforce new restrictions on widespread subscription sharing