Budget Fix Requires `Grand Bargain,' Isaac Says

Dec. 12 (Bloomberg) -- William Isaac, chairman of Fifth Third Bancorp and a former chairman of the Federal Deposit Insurance Corp., talks about U.S. lawmakers' negotiations on the federal budget and the so-called fiscal cliff of tax increases and spending cuts. He speaks with Betty Liu and Adam Johnson on Bloomberg Television's "Street Smart." Guy Lebas of Janney Montgomery Scott LLC also speaks. (Source: Bloomberg)