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PIMCO's El-Erian on 2013 Strategies

Monday, 17 Dec 2012 | 3:17 PM ET

Anticipating higher taxes, and discussing whether Washington is closer to a deal on the fiscal cliff, with Mohamed El-Erian, PIMCO CEO & co-CIO. "You will see tax rates go up, and they will be part of a bigger package, and they will hopefully be a stepping stone to other things that need to get done in Washington," he says.