A New American Majority and the Fiscal Cliff

The election brings on a new political landscape. We look at that new American majority and the impending fiscal cliff in Congress. Will Barack Obama and Congress really compromise? Or will victorious Republican representatives claim that the Ryan budget was vetted and approved by the American people on the campaign trail? Or will the President decide to use his reelection political capital to fight for his own policies? It's a new American majority and that same old fiscal cliff.

Joining us this week are Matthew Continetti, editor-in-chief of the Washington Free Beacon, and Laura Tyson, former chair of the Council of Economic Advisers.

Banner image: President Obama (L) and House Speaker John Boehner (R) have different approaches to resolving the debt crisis.