How the debt ceiling impacts Americans

CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the U.S. debit ceiling and how reaching it impacts Americans.

#news #debtceiling #politics

Each weekday morning, "CBS Mornings” co-hosts Gayle King, Tony Dokoupil and Nate Burleson bring you the latest breaking news, smart conversation and in-depth feature reporting. "CBS Mornings" airs weekdays at 7 a.m. on CBS and stream it at 8 a.m. ET on the CBS News app.

[emilymccord]

Ever since I lost my job with the ministry I have been surviving through my investment with Mrs Lucy Mary Liam, I'm so glad I invested when I did

[maiadazz]

Raising the debt limit is an inherently political issue, and it usually grabs the most attention when government is divided in Washington, because when one party controls Congress and the White House, it usually opts to raise the limit without controversy.

[dorispowers]

It's just not right for old politicians to spend money that will burden children that have not been born. The avg age for a Senator is 64. The avg life expectancy is now 76. Its morally wrong to ask children who are not born to work and pay for this generations wasteful spending. Vote them all out starting with McConnell, and Schumer.

[androtaz]

Notice how those who decide on spending the money aren't the 1st to NOT get paid.

[thesurvivalist.]

31 trillion in debt is Insanity!

87 years of making the same mistake over and over again!

[david]

It will only hurt the poor working man.

[alexlopez]

Reminds of how Bernie Madoff said " The united States federal reserve is running the world's biggest ponzi scheme."

[pahanin]

Debt ceiling = arbitrary limit. Its a shame that congress gave ukraine billions without limitations but Americans have to beg for their own money

[brotherray]

Just remember this is not a mistake it’s done on purpose.

[arthurirwin]

I wonder how long my bank would keep lending me money if they knew I was borrowing money to pay back the money I already owed them?

[stephaniehoward]

We could stop paying for other people's wars...

[lavalampluva]

Start taxing the wealthy and big corporations. This wouldn't be a problem.

[witchywitch]

We wouldn't need to go into debt if we simply taxed million and billionaires

[bethr]

Why would we even suggest laying off workers, delaying social security or tax refunds before cutting aid to ILLEGAL IMMIGRANTS!!! Take care of our own FIRST !!!

[lightweight]

How about we defund or eliminate 1/2 of the alphabet agencies in the federal government. Pay our internal obligations first i.e. SS and retirees. Pay American citizen bond holders next. Pay American companies next. Pay any debt to multinationals, foreign governments, investors last. Don't pay federal politicians until the budget is fully balanced w/o debt.

[unstableminded]

This lady should really be angry at the federal reserve act of 1913 if she's all about money... If Congress still created our money instead of a privately owned federal reserve, we wouldn't be having to discuss a debt ceiling because there would be no debt... Also, a dollar would be worth a dollar instead of being borderline toilet paper..

[OddballBre]

She is speaking beautifully and made it so easy to understand !

[bmccarthy]

Debt ceiling explained in plain English. Lets say you purchase $500 in gifts for your family/friends in Dec for Christmas. In Jan you get your bill for $500. Now everyone loved your gifts- but you decide- I am NOT paying my bill- so you pay $0 dollars. What happens if you keep refusing to pay? Your credit rating will start to tank- and if you refuse to pay you can lose your card.
Debt ceiling is about the government paying the bill of things they already bought. The end.

[stevenpreyes]

Stop giving taxpayer, s money to other countries wars, & what does the debt ceiling has to do with social security? Has nothing to do, B's

[REEF]

We can give billions of dollars away to other countries but were in debt sure