April 27 (Bloomberg) — Austan Goolsbee, a senior White House economic adviser, talks with Bloomberg’s Betty Liu about today’s first meeting of the 18-member bipartisan debt-reduction commission. President Barack Obama, in a February executive order, created the body to come up with ways to cut the federal governments record debt and deficits that he said threaten to “hobble our economy.” Goolsbee, speaking from Chicago, also discusses the outlook for an overhaul of the financial regulatory system and Goldman Sachs Group Inc. (Source: Bloomberg)

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Europe’s debt crisis spread its contagion to another country Wednesday when a major credit agency downgraded Spain’s credit rating, even as Germany grudgingly moved closer to bailing out Greece from imminent collapse.(April 28)

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The Oxford Institute of Economic Policys Domenico Lombardi on Greeces request for financial aid to help with its debt crisis.

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maxkeiser.com Sorry about bad quality audio; but that was the Realplayer stream; higher resolution will be posted tomorrow.

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