Rekubit|What's the deal with the platinum coin?

2025-05-07 04:19:21source:NovaQuantcategory:My

The Rekubitjig 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.

More:My

Recommend

The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10

CHICAGO (AP) — A jury awarded nearly $80 million to the family of a 10-year-old Chicago girl who was

The latest act for Depeche Mode

For a band who put out their first big hit, "Just Can't Get Enough," more than 40 years ago, Depeche

Fall out from Alex Murdaugh saga continues, as friend is sentenced in financial schemes

GREENVILLE, S.C. — Two years after Richard "Alex" Murdaugh entered the national spotlight after the