What to know about the debt ceiling

Published: Oct 04 2013 11:28:57 AM EDT

The government shutdown may be making headlines, but the debt ceiling is an even bigger looming crisis.

Debt Ceiling - Generic
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CNN

The government shutdown is making headlines, but an even bigger crisis looms over the nation's debt ceiling. Here's what you need to know about this complicated issue:

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On this Day

  • Bill Buckner, 1986 World Series

    MLB.com

    On this day: October 25

    Pablo Picasso is born, the first domestic microwave oven goes on sale, Led Zeppelin debuts in concert, the U.S. invades Grenada, and Bill Buckner blows it for the Red Sox, all on this day.