Collection of Phone Data Defended by Lawmakers

June 6 (Bloomberg) -- The Republican and Democratic leaders of the Senate Intelligence Committee defended a secret Obama administration program collecting the telephone records of millions of U.S. residents, saying it was a critical tool to combat terrorism, even as other members of Congress condemned the surveillance as an intrusion on innocent Americans. Phil Mattingly reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

Saudi Bond Sale Pushes Emerging Market Issuances
22:32 - Saudi Arabia's bond sale last week wasn't just the biggest ever in the Middle East, it was a record in emerging markets. The ramifications are now being felt across the emerging market debt space with the volume of U.S. dollar denominated bond issuance from developing countries hitting a new weekly high. Bloomberg's Tracy Alloway reports on "Bloomberg Markets: Middle East." (Source: Bloomberg)
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