Bernanke warns Congress to avoid "fiscal cliff"Quicklink submitted by Sheila Samples Permalink
Become a Fan
|Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year. Without a deal, the measures known as the 'fiscal cliff' will take effect in January. Bernanke also said Congress must raise the federal debt limit to prevent the government from defaulting on Treasurys debt.|
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.