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From our studios in new york city, this is charlie rose. Rose Lawrence Summers is here, he is a professor at harvard, where he was president from 2001 to 2006. He was treasury secretary under esideninton and returned to the white house in 2009 as advisor of the National Economic council, in that role he was central to president obamas the response to the financial crisis, he is here to talk about the scwes officer imposed in summer of 2011 and intended as a consequence so unacceptable congress and the president would have to agree on revenue increases and spending cuts in order to avoid it. Wi...

Rose welcome to the program, first the meaning of the sequester, with Lawrence Summers former secretary of the treasury, former Economic Advisor of president obama, and former president of harvard university. And president obama believes there are some very important principles here about what kind of process there should be as the president negotiates with congress, about the need for balance between spending and revenues as we address national problems, about hooking at all different areas as we adess these things. Rose and do you believe and protecting the middle class at a time when inequa...

From our studios in new york city, this is charlie rose. Rose Lawrence Summers is here, he is a professor at harvard, where he was president from 2001 to 2006. He was treasury secretary under president clinton and returned to the white house in 2009 as advisor of the National Economic council, in that role he was central to president obamas the response to the financial crisis, he is here to talk about the scwes officer imposed in summer of 2011 and intended as a consequence so unacceptable congress and the president would have to agree on revenue increases and spending cuts in order to avoid ...