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Fiscal Cliff Disaster Looming?

7:32 PM ET Thu, 19 July 2012

CNBC's Larry Kudlow discusses the details of remarks made by former Treasury secretaries Henry Paulson and Robert Rubin on the economy; and John Ryding, RDQ Economics, weighs in. "You can't look to the Fed with the tools that he has available, to offset a $400-$450 billion tax hike," says Ryding.