The Five Countries With the Biggest Defense Budgets

July 22 (Bloomberg) –- Global defense spending has been declining since 2011, as the U.S. withdraws from Afghanistan and Iraq and Europe implements austerity measures. Bloomberg RANX takes a look at which countries are spending the most on their militaries. (Source: Bloomberg)

Former Ex-Im Chairman Says Border Tax Not Happening
31:07 - Former Export-Import Bank Chairman Fred Hochberg and Ebrahim Rahbari, managing director of global economics at Citigroup, discuss needed adjustments to the Nafta agreement and a revival of discussion about a border adjustment tax. They speak on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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