Michael Strain is the Director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute and is a returning guest to Macro Musings. Michael rejoins the podcast to talk about the looming debt ceiling crisis and his recent article on the issue titled, *Averting a Debt-Ceiling Disaster.* David and Michael specifically discuss the background, history and recent events leading up to the current crisis, how to impose fiscal discipline in a low interest rate world, solutions the US government could pursue, and more.   Transcript for the episode can be found here.   Michael’s Twitter: @MichaelRStrain Michael’s website Michael’s AEI profile   David’s Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here!   Related Links:   *Averting a Debt-Ceiling Disaster* by Michael Strain     *House Republicans Prepare Emergency Plan for Breaching Debt Limit* by Jeff Stein, Leigh Ann Caldwell, and Theodoric Meyer   *Extraordinary Measures* by the Bipartisan Policy Center