Current:Home > ScamsAlgosensey|What's the deal with the platinum coin? -Ascend Finance Compass
Algosensey|What's the deal with the platinum coin?
NovaQuant View
Date:2025-04-07 10:06:44
The Algosenseyjig 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! (35641)
Related
- Rylee Arnold Shares a Long
- Teen Mom's Maci Bookout and Taylor McKinney Reveal the Biggest Struggle in Their 7-Year Marriage
- Progressive candidates are increasingly sharing their own abortion stories after Roe’s demise
- 10 years after armed standoff with federal agents, Bundy cattle are still grazing disputed rangeland
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- CBS daytime show 'The Talk' ending with shortened 15th season this fall
- Judge declines to delay Trump’s NY hush money trial over complaints of pretrial publicity
- Woman with history of DUIs sentenced to 15 years to life for California crash that killed mom-to-be
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- As a landmark United Methodist gathering approaches, African churches weigh their future.
Ranking
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Boston College vs. Denver Frozen Four championship game time, TV channel, streaming info
- Clint Eastwood Makes Rare Appearance to Support Jane Goodall
- Swimming portion of Olympic triathlon might be impacted by alarming levels of bacteria like E. coli in Seine river
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- 2024 Masters tee times for Round 3 Saturday: When does Tiger Woods tee off?
- Arizona Coyotes players told team is relocating to Salt Lake City, reports say
- A man stabbed to death 5 people in a Sydney shopping center and was fatally shot by police
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Trump to host rally on Biden’s home turf in northeast Pennsylvania, the last before his trial begins
10 years after armed standoff with federal agents, Bundy cattle are still grazing disputed rangeland
Atlanta United hosts Philadelphia Union; Messi's Inter Miami plays at Arrowhead Stadium
Travis Hunter, the 2
Big E gives update on WWE status two years after neck injury: 'I may never be cleared'
OJ Simpson's trial exposed America's racial divide. Three decades later, what's changed?
Caitlin Clark gets personalized AFC Richmond jersey from 'Ted Lasso' star Jason Sudeikis