Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Cottarelli Says U.S. Budget Fix May Need More Than Spending Cuts

Reducing the U.S. budget deficit over the medium term may require more than just cuts in government spending, said Carlo Cottarelli, director of fiscal affairs at the International Monetary Fund.

“The magnitude of the fiscal adjustment in the U.S. is so large that it will be difficult to do only on the spending side,” Cottarelli said in an interview with Tom Keene on Bloomberg Television. Still, “the bulk of it will be on the spending side and should include reforms on entitlements.”

Cottarelli also that the fiscal account needs to be fixed “gradually, not all of a sudden because that would be bad for the economy.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.