Bond market braces for U.S. debt ceiling deadline
Clip: 10/15/2013 | 5m 9s
Known as the 'safest asset,' bond market braces for U.S. debt ceiling deadline
If lawmakers fail to avert a debt default, there could be a devastating impact on the national economy: mortgages soaring, consumers unable to borrow, the government forced to pay more to borrow more, plunging us deeper into debt. Economics correspondent Paul Solman reports on how the bond market is anticipating the situation.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Bond market braces for U.S. debt ceiling deadline
Clip: 10/15/2013 | 5m 9s
If lawmakers fail to avert a debt default, there could be a devastating impact on the national economy: mortgages soaring, consumers unable to borrow, the government forced to pay more to borrow more, plunging us deeper into debt. Economics correspondent Paul Solman reports on how the bond market is anticipating the situation.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...