GM cutting 14,000 jobs, shuttering production at 5 facilities

Sweeping changes are coming to the No. 1 car maker in the U.S. General Motors said Monday it needs to save money, so it is cutting about 14,000 jobs — about 15 percent of its workforce — and stopping production at five facilities in North America in the next year. CBS News transportation correspondent Kris Van Cleave has the reaction from the assembly line to the Oval Office.