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Lots of talk, but no action on sequester cuts

15:44

President Obama made a forceful plea to Congress to strike a deal that would avoid the impending budget cuts next month. Meanwhile, Alan Simpson and Erskine Bowles are pushing austerity measures as the answer. Ed Schultz talks with Time Magazine's Michael Grunwald, The Nation's Katrina vanden Heuvel and Bloomberg View's Jonathan Alter.