Here’s Why the Constitution Won’t Allow Default
Oct. 9 (Bloomberg) -- Sean Wilentz, professor at Princeton University, puts the debt ceiling limit battle in historical context, explaining why it is unconstitutional for the government to not raise the debt ceiling and how it is President Barack Obama’s duty to take steps to avoid default. He speaks on Bloomberg Television’s “Bloomberg Surveillance.”
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Britain Needs Keynesian Stimulus, Says Dryden
23:44 - As Bank of England officials gather this week to decipher the latest post-Brexit reports, they’ll probably assess a nasty outlook of slowing growth and faster inflation. Varying levels of tolerance for accelerating price growth are likely to be a major theme of the debate and are already dividing the nine-member Monetary Policy Committee on the need for stimulus. JPMorgan Asset Management Global Market Strategist Alexander discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."