Senator of Wyoming Alan Simpson and businessman Erskine Bowles talk at the Christian Science Monitor Breakfast in Washington D.C.
Erskine Boyce Bowles is an American businessman and political figure from North Carolina. He currently serves as the president of the University of North Carolina system. In 1997â€“98 he served as White House Chief of Staff.
Alan Simpson is a Republican politician who served from 1979 to 1997 as a United States Senator from Wyoming.
Erskine Bowles, former co-chair of the National Commission on Fiscal Responsibility and Reform, explains that he is "really worried" a deal will not be met between Democrats and Republicans in Washington in time to avoid going over the "fiscal cliff," a number of tax increases and budget cuts set to kick in at the beginning of 2013.
Alan Simpson and Erskine Bowles, former co-chairs of the National Commission on Fiscal Responsibility and Reform, appeal for Washington politicians to compromise on pressing issues of national fiscal policy.