PIMCO CEO Mohamed El-Erian tells CNN's Fareed Zakaria that if politicians fail to agree on the debt ceiling and the U.S. can't repay its loans, we could face a 'catastrophic' situation triggering legal contracts.
PIMCO CEO Mohamed El-Erian tells CNN's Fareed Zakaria that if politicians fail to agree on the debt ceiling and the U.S. can't repay its loans, we could face a 'catastrophic' situation triggering legal contracts.