"The big story today is all the stuff that might possibly happen soon, or not," Stephen Colbert said on Wednesday's Late Show. "Take the debt ceiling. If Congress doesn't raise our country's borrowing limit by Oct. 18, the entire American economy will have a cataclysmic meltdown. It would be an easily avoidable, unthinkable act of self-destruction — so, highly likely."
Democrats are considering a series of evasive maneuvers, like axing the filibusters for debt-ceiling votes. And "possibly adjusting the filibuster rules has Mitch McConnell shaking in his orthopedic wingtips, so earlier today McConnell said his party would allow an extension of the federal debt ceiling into December," Colbert said. "They're willing to avoid blowing up the world's financial system — until Christmastime. So, everybody remember to ask Santa for a functional economy."
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