Lew: Not Raising Debt Limit Would Be ‘Disastrous’

Aug. 22 (Bloomberg) -- U.S. Treasury Secretary Jacob J. Lew said a failure by Congress to raise the $16.7 trillion debt limit would “have disastrous effects for our nation” and could put at risk payments to Social Security recipients and veterans. Peter Cook reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Breaking Down Apple's 4th-Qtr Earnings and Forecast
49:28 - Apple shares fell after the world’s most-valuable company reported sliding prices for its smartphones and forecast lower-than-expected profitability over the holiday period. Bloomberg's Scarlet Fu breaks down the numbers on "What'd You Miss?" (Source: Bloomberg)
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