PIMCO’s Mohamed El-Erian says he’s more optimistic than he was a few months ago about U.S. deficit reduction, though he says it’s a complex issue that won’t be easy to tackle. El-Erian also talks with Bloomberg’s Tom Keene and Ken Prewitt about why interest rates are remaining low despite concerns about U.S. credit quality.

[youtube=http://www.youtube.com/watch?v=Y1lskW9Lk_k]