The postponement of President Dilma Rousseff's US state visit is a blow. But her domestic political standing may be as much a factor as anger over NSA spying.
Angered over allegations of US spying in Brazil, President Rousseff canceled her state visit this week. Her government also launched a 'big brother' style domestic surveillance program.
Mohamed El-Erian is the CEO of the investment firm PIMCO, the world’s largest bond investor. In an interview, he discusses what might affect the Fed's decision to begin tapering its asset purchases and what impact such a move may have on the global economy.