Charles H. Sloan:What's the deal with the platinum coin?

2025-05-08 02:10:10source:Phaninccategory:Invest

The Charles H. Sloanjig 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:Invest

Recommend

Turbulence slammed Hawaiian Airlines flight because of decision to fly over storm cell, report says

HONOLULU (AP) — A Hawaiian Airlines flight crew’s decision to fly over a hazardous storm cell instea

A private island off the Florida Keys for sale at $75 million: It includes multiple houses

A 26-acre private island know as Pumpkin Key is on the market for $75 million.The listing managed by

Jodie Turner-Smith Breaks Silence on Joshua Jackson Divorce

Jodie Turner-Smith has a positive outlook following her split from Joshua Jackson.The Queen & Sl