PBS NewsHour

Defaulting on U.S bond obligations could cause crisis

Clip: 10/03/2013 | 6m 59s

The Treasury Department warned in a report that if the government defaults on its obligations later in October, the economic impact could be widespread and even provoke another financial crisis. Annie Lowrey of The New York Times joins Judy Woodruff to explain the debt ceiling and potential consequences.

Aired: 10/03/13

Rating: NR

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