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NBC Nightly News with Brian Williams - What If The U.S. Defaults On Its Debts? The White House has warned that not raising the debt ceiling will mean the U.S. would default on its debt in early August. But how would defaulting affect the already fragile economic recovery? NBC’s Tom Costello reports. Channel: Hulu on AOL Category: News Video Length: 159 Date Found: July 15, 2011 Date Produced: July 14, 2011 View Count: 0