Video: Negotiations launched ahead of next budget deadline

Lawmakers began negotiations on spending as part of the bipartisan deal to reopen the government. Strong disagreements remain, with Democrats refusing a revamp to Medicare and Republicans refusing calls for nearly $1 trillion in new tax revenue. Nancy Cordes reports.

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Video: Bruising negotiations necessary for government compromise

Ed Conard, former Managing Director at Bain Capital and associate of Mitt Romney says the U.S. government will end up raising the debt ceiling, but needs to have a serious compromise to not face this problem again.

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