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Late Night Last Night: Brian Williams and Jimmy Fallon Slow Jam the Fiscal Cliff Battle

By Lindsey DiMattina, Hollywood.com Staff

Last week, the House of Representatives voted to suspend the nation's debt ceiling temporarily — so the nation's ongoing fiscal cliff war will continue on for a few more months. And on Monday night, Jimmy Fallon and NBC Nightly News anchor Brian Williams decided that instead of just chatting about the issue, they would turn it into a jam session.

In the three-minute song, Williams and Fallon break down what's going on with the crisis. Williams, who can't let go of his newsman voice even for a funny video, leads the song as if it were an economic lesson at The Wharton School, debriefing viewers on all that's happening concerning the issue. ""Less than a month after signing a fiscal cliff deal and narrowly adverting a financial crisis, the Obama administration once again finds itself locking horns with Republicans over the issue of raising the debt ceiling, the amount of money the nation is legally allowed to borrow,"" he sings.

But Fallon decided to turn the ""lesson"" into a salacious metaphor. ""When it comes to raising the debt ceiling, the president is having a hard time getting it up,"" he says. ""Seems the GOP ain't rubbing him the right way, especially with the country $16.4 trillion in debt.""

It continues on in this format for the rest of the bit. The band leader makes a joke about the United States being so broke that the country needs to liquidate its assets ""just like Al Roker."" Williams talks about some Democrats hoping that their leader, John Boehner, will soften his ""hard-line stance"" — which leads to Fallon making the best joke of the whole video. ""Take if from my man, Brilly Willy [Williams' new nickname], ain't nothing worse than a soft Boehner,"" Fallon sings. ""Ain't nothing worse, especially when it starts leaning a little to the left. And it's going to take more than a magic pill like the trillion dollar coin to stimulate growth in the private sector.""

Williams then explains that the President wants to use his power of executive order to ""bypass Congress"" and increase the debt ceiling. ""You ain't lying honey, Bri Bri,"" Fallon says. ""The President's got the bill in his hands. All it needs now is his John Hancock.""

""Obama's got Republicans in a compromising position,"" he adds. ""Now he's ready to push his package through Congress.""

Lance Armstrong's drug problems and Fifty Shades of Grey are also jabbed in the video. Oh, and Williams' response to all of Fallon's perverse innuendos? ""How was third grade, Jimmy?"" he asks.

Point made. Now, back to the economy.

Follow Lindsey on Twitter @LDiMat.

[Photo Credit: Lloyd Bishop/NBC]

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