Fighting default: credit card reform on the Hill

Reforms to the credit card industry are being debated on Capitol Hill. Members of the Senate Banking Committee have reached a compromise on legislation and a fu...

Reforms to the credit card industry are being debated on Capitol Hill. Members of the Senate Banking Committee have reached a compromise on legislation and a full Senate vote could come as early as this week. Jonathan Allen, a reporter for Congressional Quarterly, been following this story and joins us with the latest.

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