Lew: Not Raising Debt Limit Would Be ‘Disastrous’

Aug. 22 (Bloomberg) -- U.S. Treasury Secretary Jacob J. Lew said a failure by Congress to raise the $16.7 trillion debt limit would “have disastrous effects for our nation” and could put at risk payments to Social Security recipients and veterans. Peter Cook reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Former Greek Finance Minister Says It’s Groundhog Day
32:34 - Former Greek Finance Minister George Papaconstantinou discusses Greece’s debt and whether Prime Minister Alexia Tsipras can take more austerity measures. He speaks on "Bloomberg Markets: European Open." (Source: Bloomberg)
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