President Obama's plan to anoint the Federal Reserve as a regulatory super-power is facing some critics, including some lawmakers. Tom Hoenig, president and CEO of the Federal Reserve Bank of Kansas City, shares his insight.
The U.S. would need to eventually enact national value added tax in order to raise revenue, says Paul Donovan, MD & deputy head of global economics at UBS. He analyzes its tax system, with CNBC's Martin Soong, Karen Tso & Sri Jegarajah.