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Anderson Cooper 360
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The US's Debt Ceiling Negotiations Are in the White House
President Biden and House Speaker McCarthy called today's debt ceiling negotiations productive. If the two sides don't reach agreement on raising the amount of money that countries allowed to borrow, the US could default as soon as June 1st. Ex-Treasury Secretary Larry Summers explains just what could happen to jobs or bank accounts or livelihoods if the US defaults. Congressman Buck tells us he didn't think it's the end of the world if the US briefly defaults.
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