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)
Shell CEO Sees Oil at `Much Higher Levels' in Long Term
Jan. 29 -- Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden said "the fundamentals of supply and demand will reassert themselves" and "oil prices will revert to much higher levels" in the long term.
He spoke with Mark Barton on Bloomberg Television's "Countdown" after Shell reported lower-than-expected fourth-quarter profit.
Shell 4Q Adjusted Profit $3.3B; Est. $4.1B
Low Interest Rates Driving Real Estate Demand: Tonckens