The US has been in the middle of a crazy political stoush over this thing called the “debt ceiling” for the past few months which has been threatening to blow up and cause ripples around the world… So in this Squiz Shortcut, we look at what a debt ceiling is, why it's become such a big deal now, and how it could play out.

Squiz recommends:

Jimmy Fallon "slow jamming" about the debt ceiling.

A good backgrounder from the Council on Foreign Relations on the whole debt ceiling issue