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Dec 5, 2023

The ghosts of debt ceilings past

Congress fights over the debt ceiling on a regular basis — but the consequences are more than background noise. Plus, nonprofit theaters are in an economic crisis.

Senate Majority Leader Harry Reid, D-Nevada (2nd L) makes a statement with US senators Chuck Schumer (L), D-New York, Patty Murray (2nd R), D-Washington and Dick Durbin, D-Illinios, during a press conference on Capitol Hill about the debt ceiling in Washington, DC, October 12, 2013. — Senate Majority Leader Harry Reid, D-Nevada (2nd L) makes a statement with US senators Chuck Schumer (L), D-New York, Patty Murray (2nd R), D-Washington and Dick Durbin, D-Illinios, during a press conference on Capitol Hill about the debt ceiling in Washington, DC, October 12, 2013.
Jim Watson/AFP via Getty Images

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Segments From This Episode

What did the October JOLTS report tell us?
by Kai Ryssdal and Sofia Terenzio
Regional theater is the “engine” behind much of arts and entertainment. It’s also in crisis.
by Kai Ryssdal and Sean McHenry
Sean McHenry/Marketplace
A California theater head discusses the difficult economics of the industry. “This is our moment to rethink what we’re doing,” he says.
Criticism, crashes, and crises: Revisiting three ghosts of debt ceiling battles past
by Stacey Vanek Smith
Stan Honda/AFP via Getty Images
There have been about 80 debt ceiling battles since 1960. But those decades of drama have never led to an actual default.

Music from the episode

The Team

Nancy Farghalli Executive Producer
Maria Hollenhorst Producer II
Andie Corban Producer I
Sarah Leeson Producer I
Sean McHenry Director & Associate Producer II
Richard Cunningham Associate Producer I
Jordan Mangi Assistant Digital Producer