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Bergsten Says U.S. Must `Phase In' Budget Cuts Over Time

Bergsten Says U.S. Must `Phase In' Budget Cuts Over Time

Aug. 8, 2011
Aug. 8 (Bloomberg) -- Fred Bergsten, director of the Peterson Institute for International Economics, discusses the Standard and Poor's downgrade of the U.S.'s debt rating to AA+ from AAA and the challenges of reducing the deficit and implementing budget cuts. Bergsten speaks with Lisa Murphy and Adam Johnson on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
Bloomberg
Correction: Clarification:

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