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From Cafe in the Vox Media Podcast Network, this is StayTooned in Brief. I'm Pete Barara.

If you've been following the news, you've likely heard about the debt ceiling.

It's the total amount of money that the U.S. government has authorized to borrow to meet its existing legal obligations.

This month, the U.S. reached that limit, and Treasury Secretary Janet Yellen warned that the government will have to carry out extraordinary measures to continue paying the nation's bills beyond January.

Unless that is, Congress acts to raise the debt limit.

To discuss the debt ceiling and the broader economy, I'm joined by Justin Wolffers.

He's a professor of public policy and economics at the University of Michigan.

Professor, thanks for joining the show.

I have a pleasure to be here.

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