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Failure to raise debt ceiling could cause economic catastrophe, experts warn

October 2, 2021
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Senate Republican leader Mitch McConnell continues to hold out against raising the federal debt ceiling, and experts warn the failure to do so could result in economic catastrophe. CBS News congressional correspondent Nikole Killion and Washington Post White House economics reporter Jeff Stein joined Vladimir Duthiers on CBSN to discuss the Senate stand-off.

CBSN is CBS News’ 24/7 digital streaming news service featuring live, anchored coverage available for free across all platforms. Launched in November 2014, the service is a premier destination for breaking news and original storytelling from the deep bench of CBS News correspondents and reporters. CBSN features the top stories of the day as well as deep dives into key issues facing the nation and the world. CBSN has also expanded to launch local news streaming services in major markets across the country. CBSN is currently available on CBSNews.com and the CBS News app across more than 20 platforms, as well as the Paramount+ subscription service.

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Tags: CBS NewsCBSNdebt ceilingnational debt limitSenator Chuck SchumerSenator Mitch McConnellspending billu.s. economyUnited States Congress
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Redfall is making a 30 minute-long appearance at QuakeCon

Redfall is making a 30 minute-long appearance at QuakeCon

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England claim first Commonwealth Games hockey gold with victory over Australia

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