Feb. 4 (Bloomberg) -- Bloomberg's Pater Cook reports that President Barack Obama stated that there will be a need for more revenue to go along with smart spending reductions to bring down the deficit. He speaks on Bloomberg Television's "In The Loop."
How Will Markets React to Yuan in IMF Reserve Currency?
06:17 - The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan. Deutsche Bank Head of FX Strategy Sebastien Galy weighs in on "Bloomberg Markets." (Source: Bloomberg)
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Is Adding Yuan to SDR Economic or Political Move?
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