What Will $85B in Cuts Do to the U.S. Economy?
March 1 (Bloomberg) -- Bloomberg Government director of research Bob Litan and Bloomberg Businessweek senior national correspondent Josh Green break down the impact of looming sequestration cuts and explain the politics behind the battle. They speak on Bloomberg Television's "Bloomberg Surveillance."
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The Challenges Facing Japan as Consumer Prices Drop
23:45 - Japan’s consumer prices fell for a seventh straight month and household spending slumped again in September, underscoring the challenges Prime Minister Shinzo Abe and Bank of Japan Governor Haruhiko Kuroda face in trying to revive the world’s third-largest economy. The downbeat inflation and spending data came despite an increasingly tight labor market. The unemployment rate slipped to 3 percent in September, equal to the lowest since 1995. The low jobless figure hasn’t yet resulted in significant wage gains, a key element of efforts to reflate Japan’s economy. HSBC European Economist Fabio Balboni discusses with Mark Barton on "Bloomberg Surveillance."