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Time is running out for Congress to pass legislation lifting the debt ceiling. The United States is just days away from defaulting on its obligations, which would cause global economic chaos. A deal seems likely to pass, but given that the deadline was no mystery, why did it take until the last moment? Is there a better strategy? How should we have tough conversations about our nation’s spending? And is it inevitable that we will find ourselves in this situation again?
(A full transcript of the episode will be available midday on the Times website.)
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