PIMCO's El-Erian on Debt Default, U.S. Credit Downgrade, July 25

July 25 (Bloomberg) -- Mohamed El-Erian, chief executive officer at Pacific Investment Management Co., talks about the debt ceiling debate and the possibility the credit ratings agencies will downgrade the U.S.'s AAA credit rating. El-Erian, speaking with Betty Liu, Sara Eisen and Jon Erlichman on Bloomberg Television's "In the Loop," also discusses the impact a debt default may have on the economy and investment strategy. Kevin Rendino, fund manager at BlackRock Inc., also speaks. (Source: Bloomberg)