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)

Morgan Stanley: Support Has to Come From Fiscal Policy
34:45 - Chetan Ahya, co-head of global economics and chief Asia economist at Morgan Stanley, discusses the Bank of Japan policy meeting, Japan's trade data and what we can expect from the Bank of England. He speaks to Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)
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