McMorris Rodgers on U.S. Budget: Political Capital

March 1 (Bloomberg) -- U.S. Representative Cathy McMorris Rodgers, a House Republican leader, talks about automatic federal spending cuts set to kick in today and the outlook for budget negotiations. Bloomberg's Margaret Talev and Mike Tackett report on sequestration and White House and Republican strategies. Andrew Davis discusses Italy's national election. Commentators Kate O'Beirne and Margaret Carlson talk about Chuck Hagel's confirmation as U.S. defense secretary. (Source: Bloomberg)
Fed 'Normalization' a Good Thing: OECD's Gurria
43:13 - OECD Secretary General Angel Gurria says that the U.S. Federal Reserve will raise interest rates gradually; the only question is when it starts. He also said the Chinese economy is adjusting to a more "sustainable cruising speed". He spoke with Bloomberg's Ryan Chilcote at a meeting of G20 finance ministers in Ankara on "the Pulse."
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