Today is Saturday, May 27.

In what has become an all-too-familiar debate,

the U.S. government is once again engaged in a standoff

over the debt limit.

And if no deal is reached, the U.S. could default

on its obligations in less than a week.

Today, we'll explain the debt ceiling and the impact to you

during this drawn out debate, and ultimately,

if the U.S. does default for the first time in history.

Here to break it down is Rachel Snydermann.

She's the senior associate director of business

and economic policy for the bipartisan policy center,

which is a think tank in Washington, D.C.

She explains what's at stake for American families,

ways in on how she thinks America's, quote,

broken budget process could be fixed, and more.

Welcome, welcome to The Newsworthy Special Edition Saturday,

when we sit down with a different expert or celebrity

every Saturday to talk about something in the news.

Don't forget to tune in every Monday through Friday

for our regular episodes,

where we provide all the day's news in 10 minutes.

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