U.S. Economy Faces 'Austerity Shock,' Meyer Says

Dec. 26 (Bloomberg) -- Michelle Meyer, a senior economist at Bank of America Merrill Lynch, talks about the outlook for the U.S. economy and housing market. Meyer speaks with Sara Eisen and Alix Steel on Bloomberg Television's "Surveillance." Richard Falkenrath, a principal at the Chertoff Group and a Bloomberg Television contributing editor, also speaks. (Source: Bloomberg)