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The Next Fiscal Threat: Debt

Friday, 4 Jan 2013 | 6:30 AM ET

"The word nobody uses in Washington is austerity," said Benjamin Salisbury, FBR Capital Markets analyst, discussing what Congress is missing about fixing the nation's raising debt. Also, Dick Hoey, BNY Mellon chief economist, and Bob Brusca, FAO Economics chief economist, weigh in.