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Today's episode is all about the debt ceiling. Wait, wait, don't fall asleep on me, this is a big deal,

and there was actually some positive news on this over the last week.

We may be a little tired, but we did it.

So we're very, very happy.

Late Thursday night, the Senate came together and passed a bill that will stave off the first ever U.S. default,

just days ahead of the deadline. Experts had said a default would have been truly

catastrophic for the U.S. economy. Lawmakers from both sides of the aisle seem to agree with that.

But if you look under the hood,

it seems like that's where the good feelings end. My guest this week is CNN

senior writer Tammy Luby. We're going to go under that

hood. Today, what's in the deal and why it has lawmakers from both sides of the

aisle asking, why do we manage the country's finances like this?

From CNN, this is one thing.

I'm David Ryan. So Tammy, I acknowledge that this story has been simmering on and off since January.

You and I are talking now on the last day of May, but for folks who would like to be caught up now, what is the debt ceiling?

Well, the problem is that the U.S. doesn't bring in enough revenue to pay all of its bills. So it has to borrow to be able to make

all of its payments. And actually, interestingly, the debt ceiling was created over a hundred

...