Obama: The U.S. Can't Afford Gridlock
U.S. President Barack Obama talks about negotiations on steps to cut the federal budget deficit through a combination of tax increases for the wealthy and spending cuts.
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El-Erian: One Rate Hike Is Certain This Year, Maybe Two
29:57 - Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg View columnist, explains why he sees the potential for at least one and possibly two Federal Reserve rate hikes this year. He speaks on "Bloomberg Markets." (El-Erian is a Bloomberg View columnist. The opinions expressed are his own.) (Source: Bloomberg)