American Morning

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July 28th, 2011
02:55 PM ET

What you can do protect your personal finances if the U.S. defaults on its debt?

Politicians in Washington seemed no closer to reaching a deal on raising the debt ceiling and trimming the budget deficit yesterday, sparking a recent sell-off in the market and causing stocks to drop as worries continue to increase that a solution will not be reached by August 2nd.

For average Americans worried about their investments and their 401k, this situation is bringing back frightening reminders of 2008.

Today on American Morning, Leigh Gallagher, assistant managing editor for Fortune Magazine, joins Ali Velshi to break down what you can do protect your personal finances if the U.S. defaults on its debt.


Filed under: Budget • Debt • Debt ceiling • Deficit • Money & Main Street • Wall Street
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