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Greenspan: Hitting debt ceiling would force U.S. to decide who to pay, who to delay

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Greenspan: Hitting debt ceiling would force U.S. to decide who to pay, who to delay

Greenspan: Hitting debt ceiling would force U.S. to decide who to pay, who to delay
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Greenspan: Hitting debt ceiling would force U.S. to decide who to pay, who to delay

by CBSTV Videos 1:43 mins

Former Federal Reserve Chairman Alan Greenspan tells Anthony Mason that hitting the debt ceiling would represent a "debilitating" shock to the system. While he says the government shutdown is not having a big impact on the economy, he says the political system is broken.

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