Why Biden's Covid relief plan may need to be more targeted

President-elect Joe Biden's $1.9 trillion rescue plan is following on Biden's campaign promises of higher minimum wage and more aid for those struggling during the pandemic. Austan Goolsbee, professor at the University of Chicago Booth School of Business and former Chairman of the Council of Economic Advisors, and Michael Strain, director of economic policy studies at the American Enterprise Institute, joined "Squawk Box" on Tuesday to discuss.