KQED Charlie Rose February 26, 2013
Imposed in the summer of 2011 was intended to sharpern the governments focus on the fat debt. President obama pushed for a last minute compromise to lessen the economic damage. These impacts will not all be felt on day one. But rest assured the uncertainty is already having an effect. Companies are preparing layoff notices. Families are preparing to cut back on expenses. And the longer these cuts are in place, the bigger the impact will become. These cut does not have to happen. Congress can turn them off any time with just a little bit of compromise. Rose Steve Rattner has had a distinguished...