Bloomberg: Simpson-Bowles Spending Cuts, Clinton-Era Tax Rates Would Balance Budget By 2021

New York City Mayor Michael Bloomberg, during a speech at the Center for American Progress Tuesday, announced his plan to balance the budget by 2021 by adopting the Simpson-Bowles spending cuts, ending the Bush-era tax cuts, and closing tax loopholes. (0:15)

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Pelosi Calls For Immediate Action On Jobs Plan

House Minority Leader Nancy Pelosi (D-Calif.) urges Congress to do whatever it takes to get jobs legislation passed in the remaining legislative days before the Supercommittee has to act. (0:30)

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