House Debt Bill `Recipe for Default,' Sperling Says

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May 9 (Bloomberg) -- Gene Sperling, director of the National Economic Council, talks about a measure passed today by the House that would exempt federal payments to creditors from the U.S. debt limit, the Obama administration's economic polices and corporate taxes. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." RDQ Economics' John Ryding also speaks. (Source: Bloomberg)

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