Rep. Smith: Iran Nuclear Threat Wasn't Imminent

Representative Adam Smith (D-WA), Ranking Member of the House Armed Services Committee, criticizes the administration's Iran strategy, saying there is "not much evidence" further military escalation would force Tehran to capitulate and arguing the threat of a nuclear weapon was "not imminent" before the campaign began. On the administration's "Project Freedom" plan, he says it is "highly unlikely" insurers will allow commercial ships to transit the Strait of Hormuz despite US protection. He speaks with Joe Mathieu on Bloomberg's "Balance of Power: Late Edition" from the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)