Johanns on Budget, Tax Talks: Political Capital

Dec. 7 (Bloomberg) -- Republican Senator Mike Johanns, a participant in bipartisan U.S. budget negotiations, talks with Bloomberg's Al Hunt about the outlook for avoiding the so-called fiscal cliff. Bloomberg's Julianna Goldman and Heidi Przbyla discuss budget talks, Obama's cabinet and Republican Senator James DeMint's resignation. Bloomberg's Rich Miller reports on today's jobs data and the economy. Commentators Margaret Carlson and Kate O'Beirne discuss Republican Party leadership. (Source: Bloomberg)