Collection of phone data defended by lawmakers (Video)

June 7, 2013 Updated Jun 7, 2013 at 9:28 AM EDT

By Staff, Business First

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Collection of phone data defended by lawmakers (Video)

June 7, 2013 Updated Jun 7, 2013 at 9:28 AM EDT

June 6 (Bloomberg) -- The Republican and Democratic leaders of the Senate Intelligence Committee defended a secret Obama administration program collecting the telephone records of millions of U.S. residents, saying it was a critical tool to combat terrorism, even as other members of Congress condemned the surveillance as an intrusion on innocent Americans. Phil Mattingly reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)