Heritage Foundation's Fraser on Fiscal-Cliff Talks

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Dec. 5 (Bloomberg) -- Alison Acosta Fraser, director of the Heritage Foundation's Thomas A. Roe Institute for Economic Policy Studies, talks about the negotiations to avert the so-called fiscal cliff. President Barack Obama sketched out a potential year-end deal pairing tax increases and spending cuts to avert the fiscal cliff, while insisting Republicans must accept higher tax rates for top earners as a condition for negotiations. Acosta-Fraser speaks from Washington with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)