Mayors to feds: 'Fuhgeddaboudit'

Meeting with reporters during the Clinton Global Initiative America conference in Chicago, several big-city mayors (missing: Rahm Emanuel) pledged to pursue new ways to finance infrastructure improvements -- projects that might once have been funded by the federal government. I asked them whether this is the "new normal."

Interesting sidelight around 4:15: Fuel-efficient cars are crimping federal highway revenue while increasing wear and tear on the roads.