U.S. Debt-Limit Accord; Prospects of Downgrade

Aug. 2 (Bloomberg) -- Harm Bandholz, chief U.S. economist at Unicredit Group, and David Malpass, president and founder of Encima Global, discuss the impact of the debt-ceiling accord on the U.S. economy and the outlook for reducing the deficit. Bandholz and Malpass, speaking with Tom Keene on Bloomberg Television's "Surveillance Midday," also talk about the prospects of a downgrade of the U.S.'s AAA credit rating. (Source: Bloomberg)