A deal to avoid the latest budget crisis – a government shutdown as the result of the U.S. debt limit – seems far off as Republicans insist that any discussion of raising the debt limit must include talks on lowering spending.
Some members of Congress have even argued for letting the government run out of cash to put pressure on the White House. At a press conference Monday, President Obama responded by accusing Republicans of being irresponsible, noting the impact it would have.
Host Carmen Russell-Sluchansky spoke with Tony Yezer, an economics professor at George Washington University, about the potential impacts and what political brinkmanship means for the budget and economy.
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