Budget expert Stan Collender predicted Wednesday that there is a "50 percent chance" the nation breaches its borrowing limit on Oct. 17.

"It doesn't mean we are going to default immediately but it does mean that we are going to get to that point without a political resolution of something that should never be in question," Collender told "In Play".

Watch the full interview with Stan below;  we touch on when the government might re-open and whether the debt ceiling is really something to be afraid of.

Budget expert Stan Collender sounds a dire warning about the future of the country's fiscal fight. (The Washington Post)