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Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
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Accelerating the pace
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Monday, October 7, 2013

What Happens If The Debt Ceiling Isn’t Raised?

All eyes are on whether Congress will resolve the government shutdown, which has entered its seventh day.

But an even more serious concern is the debt ceiling.

If lawmakers on Capitol Hill fail to raise the nation’s debt ceiling by October 17th, the government will run out of money to pay all of its bills.

If this were to happen it hurt the economy and the country’s credit rating, and some people simply wouldn’t get paid.

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Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

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