"This is a Congress that can't even pass a regular budget. Just a run of the mill, ordinary, 'we have to pay this year's bills' kind of budget. Of course this Congress isn't going to be able to solve this enormous, difficult, looming crisis. No way, no how."

Reason magazine Managing Editor Katherine Mangu-Ward talks about the federal legislature's ineffectiveness and inaction as the "fiscal cliff" approaches.

Aired October 24, 2012, on Fox Business's Cavuto

Duration 3:47

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