Senator Hutchison weighs in on the status of the debt, budget talks

As the clock ticks away towards the August 2nd deadline, Democrats and Republicans have still not reached an agreement on the nation's debt.

Republican Senator Kay Bailey Hutchison has been trying to lead the way on the debt/budget talks, introducing legislation on a plan to fix social security.

Hutchison joins Kiran Chetry this morning to talk about her efforts and her plan to meet with other Senate Republicans today for a presser to push for a vote on a Balanced Budget Amendment to the Constitution.