Sen. Menendez calls on Justice dept. to step up Libor scandal investigation: "Pursue it vigorously"

The global interest rate rigging scandal gaining even more traction here in the United States. At least two states, New York and Connecticut are looking into whether banks worked together to set the Libor rate, a driving factor for other rates like mortgages, student loans and credit cards.

New Jersey Senator and member of the Senate banking committee Robert Menendez is OutFront.