CBS Evening News for Sunday, Jul 10, 2011
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(Studio: Russ Mitchell) The August 2 deadline to raise the debt ceiling noted.
(Washington: Whit Johnson) The worst-case scenario if the debt ceiling is not raised examined; an example of funding and bill paying problems cited; details given of the threat of US credit being downgraded. [GEITHNER - says we have no option.] [Former deputy OMB director Steve McMILLEN - says there has to be a Plan B for the Treasury.]
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