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DC punts on $14 Trillion US debt

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Uploaded on May 10, 2011

The debt ceiling was supposed to be hit, on May 16th, just days from now. But Treasury Secretary Tim Geithner said can push the deadline for a vote until August 2. Then, John Boehner said if the debt ceiling is raised, cuts need to come along with it, and that they need to come in the trillions, not millions. But neither party can agree on what to cut.

Center for Economic and Policy Research's Dean Baker and Reason Foundation's Anthony Randazzo discuss.

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