John Podesta on Fiscal Cliff, Budget, Susan Rice

Dec. 14 (Bloomberg) -- John Podesta, former White House chief of staff for President Bill Clinton, talks about the outlook for new tax policy and the fiscal negotiations. Podesta, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses the decision of U.S. ambassador to the United Nations Susan Rice to withdrawal her name from consideration as President Barack Obama's next secretary of state. (Source: Bloomberg)