Defense Faces $45B in Sequestration Cuts

Jan. 31 (Bloomberg) -- As the U.S. gross domestic product takes a hit from lower defense budgets, federal spending cuts viewed as unthinkable a few months ago -- $1.2 trillion falling heavily on the Pentagon -- are seen as likely starting March 1. Jullianna Goldman reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Oil Down for 3rd Week, OPEC Meets in Kuwait
08:25 - Oil headed for a third weekly drop this month, weighed down by record U.S. crude supplies while investors await a meeting between OPEC and its allies that may signal whether output curbs will be extended. Bloomberg's Yousef Gamal El-Din reports on "Bloomberg Markets." (Source: Bloomberg)
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