Markets Need to 'Pistol-Whip' Lawmakers to Reach Deal: Rep. Welch

Thursday, 27 Dec 2012 | 11:04 AM ET

"I think the market is going to punish us for our failure to act, and it may be the only thing to get us to act," said Rep. Peter Welch, (D-VT), discussing some of the issues preventing lawmakers from reaching a "fiscal cliff" agreement.