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Tuesday, July 26, 2011

Bloomberg: Debt default would create a depression


July 26 (Bloomberg) -- Former Federal Reserve Vice Chairman Alice Rivlin discusses the implications of a U.S. default should lawmakers fail to reach an agreement on increasing the country's borrowing limit. 

Rivlin, a senior fellow at the Brookings Institution, speaks with Betty Liu on Bloomberg Television's "In the Loop. " 

Source: Bloomberg


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