Martin Wolf from the Financial Times
Media playback is unsupported on your device
Video

US debt ceiling: 'This horrifying circus' will continue

Financial Times journalist Martin Wolf has described the US debt ceiling as a "horrifying circus" which should be abandoned.

He says that it is used as leverage to negotiate on issues over which there is disagreement.

Republican and Democratic leaders of the US Senate have struck a cross-party deal to end a partial government shutdown and raise the US debt limit.

Go to next video: Obama praises US Senate deal