Simpson on Deficit: Political Capital

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Jan. 27 (Bloomberg) -- Former Republican Senator Alan Simpson of Wyoming, who was co-chairman of President Barack Obama's U.S. deficit-cutting commission, talks with Bloomberg's Al Hunt about his disappointment with Obama's handling of deficit issues and Republicans' inability to consider tax increases as a way to balance the budget. Bloomberg's Lisa Lerer and John McCormick report on the Republican presidential race and the outlook for Florida's Jan. 31 primary. Hans Nichols discusses Obama's State of the Union speech. Commentators Margaret Carlson and Kate O'Beirne discuss Republican presidential candidates and the debates. (Source: Bloomberg)

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