Business Update on KPCC: What debt deal means for local economy

Good news is that two of Southern California's most successful industries, entertainment and technology, probably won't be impacted all that much. But it's different for the defense business. There's a trigger mechanism in the debt legislation that would go into effect if lawmakers can't agree on additional cuts, and defense would bear the brunt of those reductions. I chat with Steve Julian about the prospects. Also a remembrance of John Anderson. Available at kpcc.org and podcast (Business Update with Mark Lacter). Transcript is after jump.