House Republicans are refusing to raise the US debt ceiling without huge concessions. Vox’s Dylan Matthews explains why we have a debt ceiling to begin with (and how President Biden could bypass it).

This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Sean Rameswaram.

Transcript at vox.com/todayexplained  

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