The Debt Ceiling: "a useful hostage if you are a cynical demagogue."

It's that time. When a Republican Congress and a Democratic president face off over an archaic procedure known as the debt ceiling. You've probably heard about it, so we decided to do a deep dive to understand what's going on in the next few weeks and months as the radical Republicans in the House hold the world's economy hostage to their demands for cutting Medicare Social Security and defense. To dig into this topic we turn to one of the sharpest voices on the intersection of economics and politics, Catherine Rampell, a syndicated columnist based at the Washington Post. She's also a economics and political commentator for CNN.

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