Are Jeb Bush, Other Undeclared Candidates Skirting Campaign Finance Laws?

Last night, former Florida Gov. Jeb Bush seemed to slip, saying he was running for president, even though he hasn't announced yet.

He's since backtracked, but it underscored a point made by Federal Election Commission Chair Ann Ravel, a Democrat, earlier this month, when she told The New York Times that the FEC is "worse than dysfunctional" - divided along party lines and gridlocked.

In March, she wrote in an op-ed in The Washington Post that some presidential candidates were putting together huge war chests without acknowledging they're running because that would trigger campaign finance limits.

Republican FEC Commissioner Lee Goodman disputes Ravel's description of the FEC as dyfunctional, saying it is operating as Congress intended. He joins Here & Now's Robin Young to explain.