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CNNW John King USA July 27, 2011



impact nationwide on an all fragile recovery. a default and the ripple effect i think would be impactful and representing our consumers, we think that that would be very, very difficult for the american economy to withstand at this point in time in our history. that s here at home. then there are global worries. concerns that a default or even a close call here could rattle international markets and international economies like that domino effect back after the big wall street meltdown a few years ago. the united states is the largest economy in the world, one that matters, one that has spillover effects, not just around the borders, but on a complete basis, globally. so, the stakes, they re obvious. the path to the solution, however, not nearly as clear. is it today, is it tomorrow, is it friday? magic things can happen here in congress in a very short period of time under the right circumstances. now, by right circumstances we assume leader reid means ....

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