American Morning

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July 27th, 2011
10:48 AM ET

Governor Rick Scott: 'We cannot continue to borrow money'

The ongoing debate in Washington over whether to raise the federal debt ceiling has many governors from both parties worrying about how the negotiations will affect state finances.

However, Republican Governor Rick Scott of Florida seems less concerned then others about a potential default, telling reporters yesterday that failing to raise the debt-ceiling would have a "minimal" effect on state governments and financial markets.

Scott joins Christine Romans on American Morning today to describe why he would not raise the federal debt ceiling and to discuss why he thinks that the government must prioritize spending and stop borrowing money.

Filed under: Budget • Debt • Debt ceiling • Deficit
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