Senator Erskine Bowles, co-chair of President Obama's debt reduction committee and author of Simpson-Bowles rules for fiscal deficit reduction, was on CNBC to discuss his views on the chances of a deal getting done in Washington and the fiscal cliff getting resolved.
-- He thinks there are good odds of a deal getting done on the fiscal cliff before the end of year.
-- Going over the fiscal cliff will be horrible.
-- We have to have both revenue and spending cuts to resolve this.
-- He said taxes will go up for the top 2% of Americans.
Here is the video:
-- He thinks there are good odds of a deal getting done on the fiscal cliff before the end of year.
-- Going over the fiscal cliff will be horrible.
-- We have to have both revenue and spending cuts to resolve this.
-- He said taxes will go up for the top 2% of Americans.
Here is the video:
