Obama, Boehner's Own Words on Fiscal Cliff, Taxes

Nov. 9 (Bloomberg) –- U.S. President Barack Obama and House Speaker John Boehner, an Ohio Republican, state their positions on ways to avert the so-called fiscal cliff and the outlook for negotiations between the White House and congressional leaders. If Congress doesn't act by the end of the year, $607 billion in automatic spending cuts and tax increases are scheduled to take effect starting in January. That was part of a deal last year to raise the federal debt ceiling. This report also contains comments from Federal Reserve Chairman Ben S. Bernanke. (Excerpts. Source: Bloomberg)
China Flexes Its Military Muscle at the World
19:44 - IHS Jane's Asia Pacific Defense Industry Analyst Jon Grevatt discusses China's military parade to commemorate the end of World War II and what the showing of its military weapons means to the region and the rest of the world. He speaks to Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)
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