To Fix Budget Deficit Congress 'Punts' or Jumps 'Off Cliff'

Aired: 8/22/2012 | 0:08:29 | Clip
Should Congress fail to pass a balanced budget by the end of 2012, America could face serious repercussions. Judy Woodruff talks to the Congressional Budget Office's former director Alice Rivlin and Committee for a Responsible Federal Budget's Maya MacGuineas about why budget reform talks need to shift to policy, not politics.