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Simpson on Raising the Retirement Age to 68

Thursday, 12 Jul 2012 | 8:31 AM ET

Warren Buffett, Berkshire Hathaway CEO; former Sen. Alan Simpson, (R-WY); and Erskine Bowles, former chief of staff to President Clinton, discuss jobless claims and import prices, and the stalemate in Congress. "We tried to do the things that really made a difference for people who desperately need social security," says Bowles.