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What Happens if Lawmakers Don't Reach Debt-Ceiling Deal by Deadline?

Debt-ceiling negotiations crept along Tuesday as both sides agreed on the need for action, but not on the fundamentals of a deal. Gwen Ifill discusses the specifics of what would happen if negotiators don't reach an agreement by the Aug. 2 deadline with Jay Powell of the Bipartisan Policy Center.
Length: 10:46

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