Counting the Cost

Rating agency S&P hits out at US debt

One year on, we report from the Gulf Coast on the costs of the worst spill in US history.

It was a shot across the bow that rattled the markets, Standard & Poor’s warned to United States it was time to get its ballooning debt under control. We have an exclusive interview with the chairman of S&P’s sovereign ratings committee John Chambers.

And a year after America’s worst oil spill devastated the Gulf Coast, we go back to see the cost still being counted there.

Plus, the most important event in the automotive calender – the Shanghai Auto Show: we talk to Volvo’s CEO Stefan Jacoby after it was bought by a Chinese company.