Monday, February 3, 2014

Erskine Bowles Warns High Debt Makes U.S. Vulnerable to Higher Interest Rates



Former Senator Judd Gregg (Republican, New Hampshire) and Erskine Bowles, who served as former President Clinton's White House chief of staff and former co-head of the Simpson-Bowles Commission, discuss need for tax reform and fiscal responsbility to reduce U.S. vulnerability to increases in interest rates. Such increases could push up the cost of debt service. Bowles argues for tax reform to spur economic growth and bring down the budget deficit.

CNBC, Squawk Box, February 3, 2014