Partisan politics over the government debt ceiling has put the US on the verge of economic disaster

With no agreement yet reached by Congress over raising the US government’s borrowing limit, the country will effectively run out of money to pay its debts on October 18th. Michele Swers gives an overview of the lead-up in Congress to the current impasse over the debt ceiling, and how partisans are grasping at procedural tools such as reconciliation, invoking the 14th amendment, or even minting a $1 trillion coin to overcome the deadlock.