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(Image from article: "Bernanke says U.S. should cut budget deficit")

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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.

Bernanke says U.S. should cut budget deficit

The United States must reduce its budget deficit and Asian nations must encourage more consumption to prevent a recurrence of the global imbalances that contributed to the financial crisis, Federal Reserve Chairman Ben Bernanke said Monday.

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