Simpson Says U.S. Should Cut Medicare, Defense Spending

May. 25, 2011
May 25 (Bloomberg) -- Former U.S. Senator Alan Simpson, co-chairman of the White House Commission on Fiscal Responsibility and Reform, discusses the outlook for the federal budget deficit and the need to make cuts to entitlement programs and defense spending. Simpson speaks with Peter Coook on Bloomberg Television's "InBusiness with Margaret Brennan." (Source: Bloomberg)
Correction: Clarification: