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Simpson on CNBC's Closing Bell

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Simpson on the Debt Ceiling Fight

Alan Simpson joined Maria Bartiromo on CNBC's Closing Bell today, saying it would be "a grave mistake" for either party to use the debt ceiling to force debt reduction in Washington. Simpson said that there were other hurdles such as the continuing resolution or the sequester to force both parties to the table and work toward a significant compromise. The full interview is available below.

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Jan 15, 2013
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"I think it would be a grave mistake," said Alan Simpson on using the debt ceiling to force debt reduction but said lawmakers needed to get to the table soon and get serious on reducing spending.