Bernanke warns Congress of “calamitous outcome” if the US defaults on its debt

Thursday, July 14th 2011 - 18:27 UTC

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Federal Reserve Chairman Ben Bernanke warned the United States Congress that overzealous cuts to government spending could derail an already fragile recovery and said a US debt default could wreak financial havoc. Read full article

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briton
well are you a gambling man
or a fool.
If euro countries like france and germany move heaven and earth to save there brain child..
do you really belive the yanks will default,
i think they will just pay on time .
Jul 14th, 2011 - 07:40 pm - Link - Report abuse 0
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ElaineB
I think they will reach agreement. The Republicans are just being arseholes. The proposed tax increases come from closing loop-holes being exploited by the rich. Oh, how I hate watching grown men indulging in pissing contests instead of doing what they are paid to do; serve the people that elected them.
Jul 15th, 2011 - 01:41 am - Link - Report abuse 0
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