WASHINGTON — The chairman of the Federal Reserve, Ben S. Bernanke, warned on Wednesday that “the federal budget appears to be on an unsustainable path,” but also recognized that the “exceptional increase” in the deficit had been necessary to ease the recession.
Mr. Bernanke’s comments before a hearing of the House Budget Committee, reiterated his view [...]
Posts Tagged ‘federal debt’
Bernanke Says the Federal Debt Is ‘Unsustainable’
June 9th, 2010 by Financial Writer
Tags: busimess, economic recovery, economy recovery, european economy, federal debt, Federal Reserve, financial, financial markets, Global Recession, recession, United States economy, us economy
more...Poll: Economists see ‘healthy’ expansion under way
February 22nd, 2010 by Financial Writer
Economists expect the recovery to remain “firmly on track” over the next two years though job growth is likely to remain slow, according to a new survey.
The latest outlook from The National Association for Business Economics, set to be released Monday, sees regular job gains resuming this quarter but no drop in unemployment below 9 [...]
Tags: business economics, economists, federal debt, inflation, unemployment
Debt limit hike wins final Congress approval
December 24th, 2009 by Financial Writer
A divided U.S. Senate gave final congressional approval on Thursday to a $290 billion hike in the federal debt limit, enough to finance the record U.S. deficit for another two months while the United States digs out from the worst recession since the 1930s.
On a largely party-line vote of 60-39, the Democratic-led Senate approved legislation [...]
Tags: federal debt, max baucus, US Deficit, us senate