Obama Confident of Reaching Fiscal Cliff Agreement

President Barack Obama expressed confidence that he and Congress would reach an agreement that will avoid the automatic spending cuts and tax increases that are scheduled to occur at the end of the year. (Source: Bloomberg)

Could ‘Brexit’ Panic Markets into a Recession?
46:16 - The biggest pound bear expects the currency to lose 17 percent this year. And that’s if Britain remains part of the European Union. Bloomberg’s sterling survey predict declines of about 8 percent to levels last seen in 1985, based on an assumption citizens will vote to remain in the EU in the forthcoming referendum. Berenberg Chief Economist Holger Schmieding – who predicts a 35% risk of Britain leaving the EU - discusses with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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