Safetyvalue-What's the deal with the platinum coin?

2025-05-07 08:03:31source:Sterling Prestoncategory:Contact

The Safetyvaluejig 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:Contact

Recommend

Ukraine denies Putin claim that Russian forces regained Kursk

The General Staff of the Ukrainian Armed Forces denied Russian President Vladimir Putin's claim Satu

When will the IRS accept 2024 returns? Here's when you can start filing your taxes.

At the start of each year, the IRS announces when taxpayers can start filing their annual returns —

GE business to fill order for turbines to power Western Hemisphere’s largest wind project

ALBUQUERQUE, N.M. (AP) — A business to be spun off by General Electric will build hundreds of turbin