Fiscal Cliff Talks `Go Backwards'

Obama administration officials told leaders of business and financial services groups that negotiations with House Speaker John Boehner have deteriorated in the last 24 hours, according to a person familiar with the meeting.

"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
36:22 - 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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