Britain Shows the Way Over 'Fiscal Cliff'

The World
President Obama cut his Hawaiian holiday short to try to get a deal on the looming fiscal crisis. But it's looking extremely unlikely that Republicans and Democrats can agree on a plan by the end of the year. Britain went over its own fiscal cliff a couple of years ago. Since then, it's imposed a series of painful budget cuts. Anchor Lisa Mullins speaks with Edward Luce, the chief US commentator and columnist for the Financial Times.
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