The Debt Ceiling And Risk Political Fights Pose To U.S. Economy

Lawmakers in Congress agreed to kick the debt ceiling can a bit further down the road, raising the limit until December

But Senate Republican leader Mitch McConnel has said he will not help Democrats raise the debt ceiling again, setting the stage for further political fights.

Today on All Sides with Ann Fisher we take a look at what the debt ceiling is and how partisan fights over the basic functions of government have become the norm in Washington.

Guests:

• Emily Cochrane, Congressional correspondent for The New York Times
• Richard Sylla professor emeritus of economics at New York University's Stern School of Business
• Paul Beck, professor emeritus of political science at Ohio State University

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