WMAR ABC World News Now July 12, 2011
it could drive up unemployment even more. >> reporter: when would this all start? we have two weeks for action say many economists, who believe by the end of this month if no agreement is in sight the market plunge would begin. by the week of august 2nd, in default, credit would tighten, interest rates zoom. and by the end of august, economists predict, the nation's recovery would be making a rapid u-turn. back to recession. jim avila, abc news, new york. a raging four-alarm fire has newly destroyed a historic synagogue in new york city. heavy flames poured out of the top floor and...