Marketplace®

Daily business news and economic stories

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

Raising the federal government’s borrowing limit isn’t about spending. It’s about how money works.

Download
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.
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

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. 

Related Topics