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Obamas predicament: How to tame the U.S. deficit?

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Obamas predicament: How to tame the U.S. deficit?

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In this week’s edition of Business Weekly, we take a close look at the ongoing battle over the federal budget in the United States, where President Barack Obama has shifted into combat mode. Host Stefan Grobe talks about the situation with Sarah Hewin of Standard Chartered in London. Other stories are on the Portuguese bailout and the IMF Global Financial Stability Report.