Obama Warns of Recession If Debt Limit Isn't Raised

Oct. 8 (Bloomberg) -- President Barack Obama speaks about the U.S. government shutdown and federal debt ceiling. Obama, speaking at a news conference in Washington, also comments on U.S. trade talks and foreign policy in Africa. (Source: Bloomberg)

U.S. Economy: Strong Consumers or Corporations?
01:32 - University of Chicago Professor Luigi Zingales and Anastasia Amoroso, global market strategist at JPMorgan Asset Management, examine demand and consumer strength in the U.S. economy and the worry of European contagion from the Italian economy. They speak on "Bloomberg Surveillance." (Source: Bloomberg)
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