Late Tuesday evening the House passed a deal to prevent automatic federal spending cuts and tax increases, avoiding the infamous “fiscal cliff.” We’ll look at what was in the deal and how it may set up future political battles over how America spends its money. And, we’ll get insights on what the deal teaches us about about the art of negotiation.
The Fiscal Cliff and the Art of Negotiating
(Nicholas Kamm/AFP/GettyImages)
Guests:
Jerry Nickelsburg, adjunct professor of economics at UCLA's Anderson School of Management and senior economist with UCLA Anderson Forecast
Heidi Przybla, congressional reporter for Bloomberg News
Robert Mnookin, director of the Harvard Negotiation Research Project
David Wessel, economics editor for The Wall Street Journal and author of "Red Ink: Inside the High-Stakes Politics of the Federal Budget"
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