Fixing Deficit Problem 'Doable,' Says Bowles

8:43 AM ET Thu, 12 July 2012

Insight on resolving the U.S. deficit, with Warren Buffett, Berkshire Hathaway CEO, former Sen. Alan Simpson, (R-WY); and Erskine Bowles, former chief of staff to President Clinton. "If Congress doesn't act, we'll face the most predictable economic crisis in history," says Bowles, adding that if he had to bet, "I'd say we are going over the fiscal cliff."