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

11:04 AM ET Thu, 27 Dec 2012

"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.