U.S. Budget Woes `Very Disappointing'

U.S. Budget Woes `Very Disappointing' Play

Jan. 2 (Bloomberg) -- Stephen Halmarick, Sydney-based head of investment markets research at Colonial First State Global Asset Management, talks about the negotiations between U.S. lawmakers over the so-called fiscal cliff of $600 billion in automatic tax increases and spending cuts that took effect yesterday, and the implications for the global economy and financial markets. Halmarick speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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