PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Tuesday, August 27, 2013

U.S. Faces October Deadline On Debt Ceiling

Not being able to pay your bills is never a good thing — especially when you’re the United States government.

Treasury Secretary Jack Lew has announced that the U.S. will hit its $16.7 trillion borrowing limit in mid-October.

In 2011, the White House and congressional Republicans feuded over raising the debt ceiling, spending weeks trying to come to an agreement. Those talks failed and the financial markets roiled in reaction.

Failure to reach an agreement would trigger a partial government shutdown, and the Treasury Department would be unable to pay America’s bills.

Guest


Please follow our community rules when engaging in comment discussion on this site.
Spotlight

Robin Young and Jeremy Hobson are hitting the road. Our Tumblr brings you behind the scenes of our election coverage.

Robin and Jeremy

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

February 11 9 Comments

Gravitational Waves Discovery Confirms Einstein’s Theory

Scientists detected the gravitational waves after a pair of unusual black holes collided.

February 11 5 Comments

Pope To Visit Juárez During Mexico Trip

The border city is recreating itself after years of bloodshed – something Pope Francis lived through in Argentina.

February 11 25 Comments

A Senator Makes The Case For Authorizing Use Of Force Against ISIS

It's been a year since the president asked Congress to authorize the offensive already underway. Sen. Jeff Flake is pushing for a vote.

February 10 Comment

A Look At Prisons Around The World, With A Spotlight On Our Own

Baz Dreisinger visited prisons in nine countries and wrote about her experiences in a new book, "Incarceration Nations."