Political Checklist: We've Hit the Debt Ceiling, Now What?

Gwen Ifill and David Chalian talk debt ceiling politics and Newt Gingrich. More

In this week's edition of the Political Checklist, Gwen Ifill and David Chalian examine why, if the nation has hit its limit for borrowing, has their not been outcry from the markets or the political system? Gwen suggests that Wall Street knows that Congress is known for making politics out of the debt ceiling increase, but always raises the limit before it is too late.

AIR DATE 5/16/11