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In the very end, Congress will do the right thing.

However, I am hearing terms tossed around that should never ever be in the same paragraph,

let alone sentences, debt ceiling, and those terms are holding it hostage and game of chicken.

Welcome to the Baron Streetwise Podcast, I'm Jack Howe.

The voice she just heard, that's Maya McGinnis.

She's the president of a government spending watchdog group called the bipartisan committee for a responsible federal budget.

Part of what she does is explain the nation's complex and at times confounding financial plumbing to the rest of us.

You've no doubt heard of a fiscal showdown that Congress has from time to time over something called the debt ceiling.

That's back on Wall Street's worry list, and in a moment Maya will explain how the debt ceiling debate is likely to play out.

It's likely to play out in the weeks ahead, and how it could inflict real economic damage in the years ahead,

and what should be done to keep that from happening.

This episode is not a budget scolding, not chiefly at least.

This is specifically about fighting over the debt ceiling, which as I'll explain has nothing to do with being responsible on spending,

and makes as much intellectual sense as a self-administered wedgie.

We'll come to that.

...