What Happens if Lawmakers Don't Reach Debt-Ceiling Deal...

Aired: 7/12/2011 | 0:10:45 | Clip
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.