Higher and Higher: Government debt obligations

Over the last several decades, Congress has raised the debt ceiling scores of times. But It has never been harder to do than in the present Congress. Democrats are blaming the minority for accruing mammoth debt under the previous administration, as Republicans blame Democrats for using another debt ceiling increase to push through their multi-trillion dollar agenda. As Doug McKelway reports there may be a better way than subject the full faith and credit of the United States to such risky gamesmanship.

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