CNNW John King USA July 14, 2011
senate. but what would happen if the government defaulted on its loans? would it impact you? >> interest rates will rise. we'll be back in recession. of course, we already have a 9% plus unemployment rate. we're starting from a weak position. unemployment will rise to the double digits. we'll all pay a very significant price. first the british tabloid hacking scandal catches the attention of law enforcement here in the united states. a source tells cnn the fbi is investigating whether or not journalists working for rupert murdoch's news corporation illegally gained access to phone ...