National Debt

The messy money reality at the center of the debt ceiling fight

Kai Ryssdal, Richard Cunningham, and Maria Hollenhorst May 22, 2023
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Unless the White House and Congressional leaders can make a deal to lift or suspend the debt limit, the U.S. could default on its debts as soon as June 1. Anna Moneymaker/Getty Images
National Debt

The messy money reality at the center of the debt ceiling fight

Kai Ryssdal, Richard Cunningham, and Maria Hollenhorst May 22, 2023
Heard on:
Unless the White House and Congressional leaders can make a deal to lift or suspend the debt limit, the U.S. could default on its debts as soon as June 1. Anna Moneymaker/Getty Images
HTML EMBED:
COPY

Stop me if you’ve heard this one before: Time is running out for federal officials to prevent an economically catastrophic default on U.S. debt. 

I know! We’ve done that story over, and over, and over again as raising the debt limit — something that used to be a routine part of running the government — has become increasingly politicized.

But at the heart of the debate over government borrowing, there is an uncomfortable truth: This economy only works, because we believe in it together. On a special episode of “Marketplace,” host Kai Ryssdal explores what’s at stake in the fight over the debt ceiling and what it reveals about the nature of money. 

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Peter G. Peterson Foundation, a nonpartisan organization dedicated to raising awareness and accelerating action on America’s fiscal challenges to build a brighter economic future for the next generation. Learn more at PGPF.org.
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