Raising the debt limit with Economist David Denslow

President Barack Obama met with Republican leaders earlier today to discuss a potential increase in the U-S debt ceiling. This comes just one day after the House of Representatives defeated its own bill that would’ve allowed the nation to increase its borrowing ability. Republicans are offering no signs that today’s meeting with the president produced any real progress toward a deal. With an August deadline approaching, the government must decide whether it’ll increase its borrowing authority or go into default. Florida’s 89.1 WUFT-FM’s Joe Lancos spoke with University of Florida Economist, Dave Denslow, about why the country may eventually need to raise its debt ceiling