Baucus on Obamacare: Political Capital With Al Hunt

Oct. 18 (Bloomberg) -- U.S. Senate Finance Committee Chairman Max Baucus talks with Bloomberg's Al Hunt about the outlook for changes to the tax code and efforts to eliminate problems with the rollout of U.S. health-insurance exchanges. Sylvia Mathews Burwell, director of the White House Office of Management and Budget, discusses the government shutdown's impact on the economy, budget negotiations and health-care exchange enrollments. Commentators Margaret Carlson, Clive Crook and Lanhee Chen discuss the implications of the government shutdown and budget negotiations. (Source: Bloomberg)
VW Faces Costly Fixes as it Seeks to Cut Spend
15:37 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
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