Will Congress Lose Money by Selling Oil?
In Washington, lawmakers are always keen to find ways of securing money for government spending without raising taxes. In the latest bipartisan budget agreement, Congress got particularly crafty: targeting the Strategic Petroleum Reserve to come up with extra funds. But could tapping into the U.S.'s emergency stockpile of crude oil actually make the government lose money? Bloomberg's Phil Mattingly explains. (Source: Bloomberg)
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Bloomberg Markets: The Trump Economy 8/4/2017
27:12 - Guests include: Komal Sri-Kumar, president of Sri-Kumar Global Strategies, Terry Haines, Evercore ISI senior political strategist, Elda Di Re, Ernst & Young partner, and former Export-Import Bank Chairman Fred Hochberg. (Source: Bloomberg)