Looming debt deadline: What does it mean for U.S. credit rating?

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Looming debt deadline: What does it mean for U.S. credit rating?

by CBSTV Videos 2:24 mins

Looming debt deadline: What does it mean for U.S. credit rating?

by CBSTV Videos 2:24 mins

Research firm Moody's Analytics estimates the government shutdown has already cost the economy $22 billion. The chairman of S&P's Sovereign Ratings Committee, John Chambers, joins the "CBS This Morning" co-hosts to explain the implications for the U.S. credit rating if the U.S. defaults on its debt.

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