Stories Related to Bernanke Defends Increase But Warns Of Deficit

The Fed chief said that “the federal budget appears to be on an unsustainable path” but that the “exceptional increase” in the deficit had been needed.

Sections:  news   politics   
RELATED ARTICLES
  • Dems, GOP talk up deficit reduction, but don't act
    Liberals' loud objections to White House proposals for slowing the growth of huge social programs make it clear that neither political party puts a high priority on reducing the deficit, despite much talk to the contrary.... More
  • Democrats, Republicans appear no closer to averting massive federal cuts next month
    Congressional Democrats and Republicans appeared far apart Sunday on a deal to avert $85 billion in federal spending reductions next month, with a top House Republican saying the cuts appear “inevitable.” The automatic cuts, known as sequester, kick in March 1 because the parties have failed to agree on a less-drastic plan to cut the federal budget and deficit. More
  • US Federal Reserve 'underestimated financial crisis'
    The US Federal Reserve may have underestimated the looming 2007 global financial crisis, released transcripts from its meetings that year have shown. The documents suggested Fed Governor Ben Bernanke wanted to hold off from addressing rising panic in the markets. More
  • Bernanke warns Congress to avoid 'fiscal cliff'
    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. More
  • Democrats stiffen spine against trimming benefits
    President Barack Obama's re-election has stiffened Democrats' spine against cutting popular benefit programs such as Medicare and Social Security. Their new resolve could become as big a hurdle to a deal that would skirt crippling tax increases and spending cuts in January as Republicans' resistance to raising tax rates on the wealthy. More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News