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Budget: Debt Ceiling / Credit / Morici Interview #997848

CBS Evening News for Saturday, Jul 16, 2011
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(Studio: Russ Mitchell) Report introduced.

(Washington: Whit Johnson) The countdown to the August 2 deadline for raising the debt limit with credit ratings already threatening to lower the rating examined; credit and investment statistics cited. [Moody's Analytic economist Mark ZANDI†- says this is approaching the unprecedented; predicts financial markets will grow unrestful.] [Bloomberg TV's Peter COOK - comments on the credit ratings.]

(Studio: Russ Mitchell) Live discussion held with University of Maryland economics professor Peter Morici about credit ratings. [MORICI†- says the US debt is growing too rapidly so our AAA rating is threatened; outlines what could happen to the world view of the US.]

Reporter(s):
Mitchell, Russ;
Johnson, Whit
Duration:
00:03:50

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