January 04, 2013 at 16:09 PM EST
Don't Mess with Debt Ceiling to Force Spending Cuts: Bowles
The deal to avert the "fiscal cliff" was a "missed opportunity" but politicians shouldn't use the debt ceiling to force greater spending cuts and entitlement reform, Erskine Bowles, co-chair of President Barack Obama's 2010 debt commission, told CNBC on Friday.
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