The Five Countries With the Biggest Defense Budgets

July 22 (Bloomberg) –- Global defense spending has been declining since 2011, as the U.S. withdraws from Afghanistan and Iraq and Europe implements austerity measures. Bloomberg RANX takes a look at which countries are spending the most on their militaries. (Source: Bloomberg)
Fed's Lacker: It's Time to End Era of Zero Rates
17:33 - Federal Reserve Bank of Richmond President Jeffrey Lacker speaks about the timing of the central bank's rate increase. Speaking in Richmond, Lacker said it’s time for the Fed to end the era of record-low interest rates, now that the effects of winter weather and declining energy prices have passed. (Source: Bloomberg)
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