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The Last Word

What will happen if GOP holds debt ceiling as ransom?

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The Treasury Department says the U.S. will hit the debt limit as early as mid-February. The delayed sequestered cuts from the 2011 debt limit deal will take effect on March 1 and government funding will run out on March 27. How will President Obama and the Republican House resolve this triple-threat? MSNBC's Lawrence O'Donnell discusses with The Washington Post's Ezra Klein.Jan.15.2013

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