Bachmann on Campaign, Deficit: Political Capital, Aug. 12

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Aug. 12 (Bloomberg) -- U.S. Representative Michele Bachmann of Minnesota, who's seeking the Republican Party's presidential nomination in 2012, talks with Bloomberg's Al Hunt about her plans to cut the federal budget deficit. Bloomberg's John McCormick, Lisa Lerer, and Michael Gartner, a longtime Iowa newspaper editor and owner of the minor league baseball team in Des Moines, discuss the Iowa Straw Poll of Republican presidential aspirants. Commentators Kate O'Beirne and Jonathan Alter talk about Standard & Poor's downgrade of the U.S.'s AAA credit rating. (Source: Bloomberg)

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