The countdown to December 23 has begun for the Congressional "super committee" that's tasked with reducing the nation’s debt. Yesterday, House Minority Leader Nancy Pelosi named the last three members: Rep. James Clyburn of South Carolina, Rep. Xavier Becerra of California and Rep. Chris Von Hollen of Maryland. Will the committee be able to compromise, particularly as each party begins to prepare for the heavy political sparring yet to come out of the 2012 presidential election?
We're speaking with Barney Frank, representative for Massachusetts’ fourth Congressional district and ranking member of the House Financial Services Committee. Rep. Frank is skeptical about the committee and not optimistic about its outcome. He is less concerned with procedures and more focused on results.