What Next: Will the Debt Ceiling Cave in This Time?

The U.S. has hit the debt ceiling—again And with Congress divided, it’s unclear when or how the government will get approved to borrow more.Why is this perennial fight coming back around now? And what happens—locally and to the world economy—if the U.S. Treasury defaults?  Guest: Jordan Weissmann, Washington editor for Semafor. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Amicus—and you’ll be supporting the work we do here on What Next. Sign up now at slate.com/whatnextplus to help support our work. Learn more about your ad choices. Visit megaphone.fm/adchoices