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Washington Week
July 15, 2011
Season 2011
Episode 1960
President Obama predicts economic "Armageddon" if the debt ceiling isn't raised by the Aug 2 deadline. Democrats want tax hikes. Republicans want spending cuts. Gwen Ifill drills down on the facts & fiction surrounding the budget crisis with Michael Duffy, TIME Magazine; Gloria Borger, CNN; John Dickerson, Slate Magazine/CBS News; David Wessel, The Wall Street Journal.