Budget Talks Regress, White House Tells Businessmen

Dec. 19 (Bloomberg) -- Obama administration officials told leaders of business and financial services groups that budget negotiations with House Speaker John Boehner have deteriorated in the last 24 hours, according to a person familiar with the meeting. Hans Nichols reports on Bloomberg Television's "Taking Stock." Pimm Fox also speaks. (Source: Bloomberg)

Will BOJ Stimulus Work for Japan's Economy?
49:29 - Japanese Prime Minister Shinzo Abe announced plans for more than 28 trillion yen ($265 billion) in economic stimulus in an effort to prop up the economy, Kyodo News reported. Abe, speaking in the southern city of Fukuoka on Wednesday, said the measures would be compiled next week, Kyodo said. It must then be presented to the parliament, where approval is a formality because the ruling coalition has a majority in both houses. Tatton Investment Management CIO Lothar Mentel discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."
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