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How the debt ceiling showdown could worsen the 'Great Gatsby Curve'




A graph depicting economist Alan Krueger's Great Gatsby Curve.
A graph depicting economist Alan Krueger's Great Gatsby Curve.
Whitehouse.gov

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Income inequality has been rising steadily for decades, and the weak recovery is causing the gap between rich and poor to widen even more. White House economist Alan Kruger dubbed it the "Great Gatsby Curve" after the novel's farm-to riches protagonist.

Now a looming showdown over the debt ceiling in Washington could stretch that gap even further.

Reporter Victoria Stilwell of Bloomberg joins the show with more.