Mexico’s peso is poised to close 2013 as Latin America’s best-performing major currency after lawmakers approved legal changes for the energy, financial and telecommunications industries to bolster economic growth.
U.S. Representative Joe Walsh, an Illinois Republican, talks about his reaction to billionaire Warren Buffett’s call to increase taxes for the wealthy. Walsh, speaking with Matt Miller and Deirdre Bolton on Bloomberg Television’s “InsideTrack,” also discusses the U.S. deficit and debt ceiling negotiations. (Source: Bloomberg)
Richard Clarida, global strategic adviser at Pacific Investment Management Co. , said the Federal Reserve will alter language in their policy statement at this week’s meeting to reflect a “sluggish” economy.
Portuguese Prime Minister Jose Socrates ’s resignation “complicates” the process of securing any potential international rescue package, said William White of the Organization for Economic Cooperation and Development.