Speaking to CNBC-TV18 in an exclusive, James Glassman, Senior Economist, JPMorgan Chase Bank, says that he doesn’t see any reason for the US downgrade. “The US budget deficit will soon be down to a sustainable range of 1-2% GDP level,” he says.
US Treasury Secretary Timothy Geithner said on Sunday it was unthinkable for the United States not to meet its debt obligations and he is confident a deal to raise the debt ceiling will get done.
SP Tulsian of sptulsian.com cherry-picks his favorite stocks for the day on CNBC-TV18 and answers queries on Coal India and the Cement sector