Steyer on California Budget, Taxes

Jan. 16 (Bloomberg) -- Thomas Steyer, retired founder of Farallon Capital Management LLC, talks about his role in backing a California voter initiative that is credited in part for creating a projected budget surplus and prospects for a similar plan being implemented on a national level. Last week Governor Jerry Brown declared an end to California’s chronic fiscal crisis, projecting the first surplus in a decade thanks to spending cuts and $6 billion in new taxes approved by voters in the most populous U.S. state. Steyer speaks with Erik Schatzker on Bloomberg Television's "Market Makers." (Source: Bloomberg)
Italian Bank Exposure to Greece Is 'Limited': Sabatini
59:53 - The exposure of Italian banks to Greece is "extremely limited," according to Giovanni Sabatini, director general of the Italian Banking Association, or ABI. He spoke in an interview with Flavia Rotondi in Rome on Tuesday. (Source: Bloomberg)
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