In this edition of Business Weekly we focus on the bitter political feud between Democrats and Republicans in the US over a solution for the country’s debt and fiscal problems.
President Barack Obama, pummelled by bad polls, tried to regain the political initiative by proposing a deficit-reduction plan that includes a tax on the most wealthy Americans.
Is this politically feasible or a mere PR stint ahead of the 2012 election campaign?
Host Stefan Grobe talks about this with Sarah Hewin, Senior Economist at Standard Chartered in London.
Also on the programme: the latest Federal Reserve meeting and S&P’s downgrade of Italy.