Stockman Says U.S. `Substantive Default' to Persist

Stockman Says U.S. `Substantive Default' to Persist

Jul. 18, 2011
July 18 (Bloomberg) -- David Stockman, a former budget director in President Ronald Reagan's administration, discusses bipartisan negotiations over raising the U.S. debt limit and reducing the federal deficit. He speaks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
Bloomberg
Correction: Clarification: