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."

"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
02:49 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)
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