Poverty and the fiscal cliff: Los Angeles Mayor Villlaraigosa on new report showing strong economy is key to ending poverty

New numbers from the Census Bureau show that in 2011 just over 16% of Americans - nearly 50 million people - were living below the poverty line.

But a new report from the "Half in Ten" Campaign, which aims to cut the U.S. poverty in half over the next decade, claims the answer to poverty goes hand in hand with solutions to fix our economy.

Los Angeles Democratic Mayor Anthony Villaraigosa, who will be presenting this report at an event in Washington D.C. today, explains why a solid economy is key to lifting Americans out of poverty.