Parsing President Obama’s Deficit Reduction Plan | Following President Obama’s unveiling of his deficit reduction plan, Dr Sam Chandan spoke with CNBC’s Squawk Box about the proposal's effectiveness in addressing long-term budgetary issues in the United States. Dr Chandan explained why the proposal is unlikely to pass muster in Congress and what its failure might mean for the near- and medium-term economic outlook.

Watch the video on the CNBC website.