Former Defense Secretary Robert Gates tells CNN's Candy Crowley that sequestration cuts would be "catastrophic."
Lawmakers discuss status of debt deal negotiations. Sen. Barrasso calls negotiations a "monumental failure of presidential leadership".
Reps. Marsha Blackburn (R- TN) and Tom Cole (R-OK) on what Republicans should do to make a deal on the fiscal cliff.
State of the Union's reporter panel takes a look at the fiscal cliff negotiations and the cost of doing nothing.
The head of the International Monetary Fund, Christine Lagarde, says lawmakers should comprise to avert a recession.