While Washington continues tp debate the debt ceiling, the United States is expected to reach the limit on its debt today. This means the government will no longer be able to borrow money. Charlie Herman, business and economics editor for The Takeaway and WNYC Radio, says it's just a mystery what will happen, because we're not seeing any deals on the table yet. There are questions about the future of the International Monetary Fund after its managing director, Dominique Strauss-Kahn was arrested in New York for allegedly sexually assaulting a Manhattan hotel maid.
Noel King, managing producer for The Takeaway, takes a closer look at the ongoing flooding in the South as Louisiana's Morganza Spillway was opened over the weekend, diverting water away from Baton Rouge and New Orleans and flooding rural communities. Although the evacuation has ensured that families and many of their possessions survive the floods, there are questions as to what these people will do now.