Bankruptcy Reform

Last year, a move to reform bankruptcy laws was vetoed by President Clinton who believed changes would hurt low and moderate income people. But reformers say too many people use the system to simply walk away from their debts-- even though they have the means to pay them. Now, the same proposal to change the laws is making its way through Congress, and this president may sign it. Laura talks with Travis Plunkett, lobbyist for the Consumer Federation Of America (www.consumerfed.org)
and Joe Rubin, chief banking lobbyist for the U.S. Chamber of Commerce (www.uschamber.com)