Congress Faces Sequester Cuts as Dollars Disappear

March 1 (Bloomberg) -- Bloomberg's Peter Cook reports on what $85 billion in U.S. federal spending cuts means for Congress. Bloomberg Government estimates that removing 5.3 percent of Congress's budget would account for about one-quarter of one percent of the entire fiscal year 2013 sequester, or $234 million. (Source: Bloomberg)
Fortress to Close the Novogratz $2.3B Macro Fund
08:05 - Fortress Investment Group LLC plans to liquidate its macro business run by Michael Novogratz and return funds by the end of the year, the firm said in a statement on Tuesday. Bloomberg's Betty Liu reports on "Bloomberg Markets." (Source: Bloomberg)
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