The Debt Limit Stalemate And Your Pocketbook

At Wednesday's press conference, President Obama urged congressional leaders, and particularly Republicans, to be more open to negotiations when it comes to raising the debt limit and cutting the deficit. To learn what the continued standoff between Republicans and Democrats will mean for the U.S. economy, host Michel Martin speaks with NPR's Senior Business Editor Marilyn Geewax and Wall Street Journal reporter Sudeep Reddy.