U.S. Budget Supercommitee Fails to Reach Agreement #1

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Nov. 21 (Bloomberg) -- David Kotok, chief investment officer at Cumberland Advisors Inc., Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd., and William Cohan, author of "Money and Power: How Goldman Sachs Came to Rule the World" and a Bloomberg View columnist, talk about the failure of a special debt-reduction committee in the U.S. Congress to reach an budget agreement, setting the stage for $1.2 trillion in automatic spending cuts. They speak with Michael McKee on Bloomberg Television's "Taking Stock." (William Cohan is a Bloomberg View columnist. The opinions expressed are his own. Source: Bloomberg)


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