Mayors Nutter, Smith encourage Congress on fiscal cliff compromise, underscore consequences if deal not reached

The clock is ticking on the American economy's year-end 'fiscal cliff' deadline. Mayors across the country are urging lawmakers in Washington to act before it's too late. Many are gathering in D.C. to lay out the issues their cities face if there is no compromise.

Among them are Democratic Mayor Michael Nutter of Philadelphia, and Republican Mayor Scott Smith of Mesa, Arizona. They explain on "Starting Point" this morning why a balanced, bi-partisan deal is critical to ensuring the economic strength of their respective cities.