Filed under: Market Matters, Economic Data, Federal Reserve
It's an age-old dilemma. Congress loves to spend taxpayer money. The problem is that Congress is spending money that they don't have, racking up huge budget deficits.
Chairman Bernanke warned that high budget deficits could cause interest rates to rise and derail the economic recovery. The White House estimates that the U.S. budget deficit could reach $5.1 trillion over the next five years. This year, the deficit could set a record of $1.6 trillion.
Continue reading Bernanke: Budget Deficits May Push Interest Rates Higher
Bernanke: Budget Deficits May Push Interest Rates Higher originally appeared on BloggingStocks on Sat, 01 May 2010 16:40:00 EST. Please see our terms for use of feeds.
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