Current:Home > FinanceRobert Brown|What's the deal with the platinum coin? -Ascend Finance Compass
Robert Brown|What's the deal with the platinum coin?
Ethermac View
Date:2025-04-09 10:28:29
The Robert Brownjig 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! (731)
Related
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Vice President Harris to reveal final rules mandating minimum standards for nursing home staffing
- How Qschaincoin Compares to Other Cryptocurrency Companies
- Michigan woman wins $2M lottery jackpot after buying ticket on the way to pick up pizza
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Mike Tyson appraises shirtless Ryan Garcia before fight: 'Have you been eating bricks?'
- House passes legislation that could ban TikTok in the U.S.
- From Sin City to the City of Angels, building starts on high-speed rail line
- Former longtime South Carolina congressman John Spratt dies at 82
- An explosion razes a home in Maryland, sending 1 person to the hospital
Ranking
- Trump's 'stop
- For Earth Day 2024, experts are spreading optimism – not doom. Here's why.
- Tesla cuts the price of its “Full Self Driving” system by a third to $8,000
- Rep. Tom Cole says the reservoir of goodwill is enormous for House Speaker amid effort to oust him
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Former Houston Astros Prospect Ronny Garcia Dead at 24 After Traffic Accident
- North Korea launches Friendly Father song and music video praising Kim Jong Un
- Powerball jackpot tops $100 million. Here are winning Powerball numbers 4/20/24 and more
Recommendation
B.A. Parker is learning the banjo
From Sin City to the City of Angels, building starts on high-speed rail line
Kroger, Albertsons — still hoping to merge — agree to sell more stores to satisfy regulators
Harden and Zubac lead Leonard-less Clippers to 109-97 win over Doncic and Mavs in playoff opener
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Aid approval brings Ukraine closer to replenishing troops struggling to hold front lines
Stephanie Sparks, longtime host of Golf Channel's reality series 'Big Break,' dies at 50
Shooting at Memphis block party leaves 2 dead and 6 injured