Carney Says Republican Tax Plan Lacks Specificity

Dec. 11 (Bloomberg) -- White House Press Secretary Jay Carney speaks about negotiations between President Barack Obama and lawmakers on reaching a budget deal to avoid automatic tax increases and spending cuts at the beginning of 2013. (This is an excerpt. Source: Bloomberg)

Weighing the Chance of Japanese Growth Turning Positive
59:37 - Investors await data from Japan ranging from industrial production, household spending and employment, which paint a mixed-to-negative picture of the Japanese economy. The data comes as investors await an announcement from Japanese Prime Minister Shinzo Abe on a likely delay to increasing the nation’s sales tax, and a possible package of additional fiscal spending. Abe had earlier warned of the risk of a global economic crisis which showed an economy potentially veering into a crisis on the scale of the 2008 Lehman Brothers collapse. Credit Suisse Senior Advisor Bob Parker discusses with Bloomberg's Nejra Cehic in London and Manus Cranny in Dubai on "Countdown."
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