"Urgent Warning: Debt Ceiling Looms and Affects Americans"

With as few as four weeks until the U.S. government could experience an unprecedented, catastrophic default, the world’s greatest deliberative body simply isn’t deliberating. The sleepy Senate is now playing a bit role in the battle over the debt ceiling, the statutory limit on how much the United States can borrow to cover its own expenses. Both Democrats and Republicans appear to be waiting for next week’s meeting to decide their next steps, and remain dug in on their respective positions.