Current:Home > InvestWhat's the deal with the platinum coin?-LoTradeCoin
What's the deal with the platinum coin?
View Date:2024-12-24 13:00:33
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! (57)
Related
- California voters reject measure that would have banned forced prison labor
- Climate change is making the weather more severe. Why don't most forecasts mention it?
- Low-income countries want more money for climate damage. They're unlikely to get it.
- See Alba Baptista Marvelously Support Boyfriend Chris Evans at Ghosted Premiere in NYC
- Chris Evans Shares Thoughts on Starting a Family With Wife Alba Baptista
- Cheryl Burke Shares Message on Starting Over After Retirement and Divorce
- 3 tribes dealing with the toll of climate change get $75 million to relocate
- Shay Mitchell Reacts to Her Brand BÉIS' Connection to Raquel Leviss' Vanderpump Rules Scandal
- Nicky Hilton Shares Her Christmas Plans With Paris, the Secret To Perfect Skin & More Holiday Gift Picks
- Research shows oil field flaring emits nearly five times more methane than expected
Ranking
- Mark Zuckerberg Records NSFW Song Get Low for Priscilla Chan on Anniversary
- Federal climate forecasts could help prepare for extreme rain. But it's years away
- Aaron Carter’s Team Recalls Trying to Implement a Plan to Rehabilitate After Cause of Death Determined
- They made a material that doesn't exist on Earth. That's only the start of the story.
- Who is Rep. Matt Gaetz, the Florida congressman Donald Trump picked to serve as attorney general?
- U.N. plan would help warn people in vulnerable countries about climate threats
- Why Women Everywhere Love Ashley Tisdale's Being Frenshe Beauty, Wellness & Home Goods
- Greenhouse gases reach a new record as nations fall behind on climate pledges
Recommendation
-
Patricia Heaton criticizes media, 'extremists' she says 'fear-mongered' in 2024 election
-
Don't Call It Dirt: The Science Of Soil
-
After January storms, some California communities look for long-term flood solutions
-
Get 2 Peter Thomas Roth Invisible Priming Sunscreens for Less Than the Price of 1
-
Love Actually Secrets That Will Be Perfect to You
-
U.N. talks to safeguard the world's marine biodiversity will pick back up this week
-
The White Lotus Season 3 Will Welcome Back a Fan Favorite From Season One
-
An ornithologist, a cellist and a human rights activist: the 2022 MacArthur Fellows