Bond market braces for U.S. debt ceiling deadline

Aired: 10/15/2013 | 0:05:09 | Clip
If lawmakers fail to avert a debt default, there could be a devastating impact on the national economy: mortgages soaring, consumers unable to borrow, the government forced to pay more to borrow more, plunging us deeper into debt. Economics correspondent Paul Solman reports on how the bond market is anticipating the situation.