The House Financial Services Committee held a hearing today on sweeping financial reform proposals, and Treasury Secretary Tim Geithner was among those who testified. CNBC's Hampton Pearson has the highlights.
The U.S. would need to eventually enact national value added tax in order to raise money, 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.