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(Studio: Scott Pelley) A statement from Representative John Boehner about the debt ceiling deadline issue noted. [Representative Jim BACHMANN - says the government would not default on the debt.]
(Studio: Anthony Mason) The debt debate examined; details given about Treasury Department spending priorities and Moody's threat to lower the government's credit rating. [Moody's Analytics economist Mark ZANDI- says we have to raise the debt ceiling or eventually the government would have to cut everything.] [In April, Treasury Secretary Tim GEITHNER; former Federal Reserve governor Rick MISHKIN - note what could happen.] What would happen if the government lost its AAA rating discussed.
- Pelley, Scott;
- Mason, Anthony
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