Washington Week

From the Vault: 2011 Debt Ceiling Debate

Clip: Season 2013 | 9m 31s

We look back in the Washington Week Vault to the last fight to raise the debt ceiling in 2011 when a deal was reached just 2 days before U.S. borrowing authority lapsed. The deal included significant cuts in spending, but the cantankerous debate resulted in the first-ever downgrade of the U.S. credit rating.

Aired: 10/09/13

Rating: NR

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