Economist, Dr. Peter Morici, talks new budget deal and $15 hour minimum wage

Economist, Dr. Peter Morici, talks new budget deal and $15 hour minimum wage
House Budget Committee Chairman Rep. Paul Ryan, R-Wis., left, speaks with Senate Budget Committee Chair Sen. Patty Murray, D-Wash., on Capitol Hill in Washington, Wednesday Nov. 13, 2013, at the start of a Congressional Budget Conference. House and Senate budget negotiators say they're not close to an agreement but plan to keep at it. "We're trying to find common ground but we're not there yet," said Ryan. He said Republicans and Democrats have spent lots of time in the recent past airing their differences but it's now time to find a way to strike an accord. "The hard part is figuring out where we agree," Ryan said. (AP Photo/Jacquelyn Martin)

University of Maryland professor of economics, Dr. Peter Morici joins John Carlson to talk about the new Congressional budget deal negotiated in part by Washington Senator, Patty Murray, and the economics of raising the minimum wage to $15 per hour as we’ve seen with some jobs in SeaTac, WA.