The Debt Ceiling Is Going to Go Over $1 Trillion

David Gergen: The Republicans should be ashamed of themselves for essentially capitulating at the last minute when they had some real leverage. He says there is no such thing as an interest payment default and that Treasury Secretary can allocate incoming revenue to things like social security, military aid and O&M. Gergen: This doesn't even scratch the surface; it's really almost a joke. It's a fiscal scam"