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)
Inflation, China and the Fed's Rate Hike Dilemma
32:47 - Bloomberg's Carl Riccadonna discusses the influence of inflation on the U.S. economy and the Federal Reserve's decision-making process on interest rates. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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