One Cheer For the 'Fiscal Cliff' Deal

Wednesday, 2 Jan 2013 | 7:45 PM ET

CNBC Larry Kudlow's take on the "fiscal cliff" deal, saying Washington must understand spending is the real problem for deficits and debt; and Jared Bernstein, Center on Budget & Policy Priorities and Jim Pethokoukis, American Enterprise Institute, weigh in.