European Union on Verge of First-Ever Budget Cut

Feb. 8 (Bloomberg) -- Bloomberg European Editor David Tweed reports that European Union leaders prepared the first-ever cuts in the bloc’s budget, bowing to U.K. Prime Minister David Cameron’s calls for austerity. He speaks on Bloomberg Television's "The Pulse."

Obama Plays Diplomat to Putin, Erdogan Tensions
52:59 - U.S. President Barack Obama spoke with Russian President Vladimir Putin and Turkish President Recep Tayip Erdogan at the COP21 summit in France, as tension mount between Turkey and Russia in the aftermath of the downing of a Russian fighter plane by Turkey last week. Bloomberg's Hans Nichols reports on "Bloomberg Surveillance." (Source: Bloomberg)
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