White House, House Republicans Fights Over Deficit Reduction

Aired: 12/3/2012 | 0:11:21 | Clip
House speaker John Boehner wrote to President Obama to reject a White House plan to raise tax rates for the wealthiest Americans, suggesting instead a counter-offer that raises Medicare eligibility age. Gwen Ifill talks to Erskine Bowles about his deficit reduction plan and how it differs from current proposals on the table.