The Federal Budget and the Economy
Federal Reserve Chairman Ben Bernanke testified about short-term and long-term economic and budget challenges. In his remarks he addressed f… read more
Federal Reserve Chairman Ben Bernanke testified about short-term and long-term economic and budget challenges. In his remarks he addressed federal spending priorities and echoed the president’s call for bold government action to address the economy’s immediate needs. He also spoke extensively about the federal bailout of American Insurance Group (AIG), saying that the company “exploited a huge gap in the regulatory system,” and that more regulation could be expected. close
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