Obama Proposes $3.8 Trillion Fiscal 2014 Budget

April 10 (Bloomberg) -- President Barack Obama speaks about his $3.8 trillion budget, which calls for more tax revenue and restraints on Social Security benefits. The president is proposing to replace across-the-board budget cuts known as sequestration with what White House budget officials say is $1.8 trillion in additional deficit reduction over 10 years. Obama speaks at the White House. (Source: Bloomberg)

Gallo: Wasted Fiscal Stimulus Won’t Help Central Banks
51:35 - Stephen Gallo, head of European FX strategy at BMO Capital Markets, examines the negative impact of negative interest rates and explains why fiscal stimulus may not help central banks. He speaks with Bloomberg's Tom Keene on "Bloomberg Surveillance." (Source: Bloomberg)
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