Please Explain: The Fiscal Cliff

David Wessel, economics editor of The Wall Street Journal and author, most recently, of Red Ink: Inside the High Stakes Politics of the Federal Budget, and Mattea Kramer, Senior Research Analyst, National Priorities Project, and lead author of National Priorities Project's new book, A People’s Guide to the Federal Budget, explain what the fiscal cliff means, why we’re heading for it, and ways Washington can solve the nation's budget problems.