The U.S. will go over the fiscal cliff early next year before a deal gets cut in January to address the country’s fiscal problems, Peter Orszag, a former Obama administration official, told CNBC’s "Closing Bell" on Wednesday.
The creation of big banks wasn’t an unnatural act in the 1990s and it makes no sense to break them up now, William Harrison, former Chairman of JPMorgan Chase told CNBC’s "Closing Bell."