Bernanke urges caution in sharp deficit cutting

Bernanke urges caution in sharp deficit cutting

By MARTIN CRUTSINGER
AP Economics Writer

Published Feb 2, 2012 12:19PM MDT

WASHINGTON • Ben Bernanke is urging lawmakers to balance their desire to cut deficits with policies that could help boost the weak economy in the short run.
Bernanke said Thursday in prepared testimony for the House Budget Committee hearing that he recognizes that huge budget deficits represent a serious threat to the economy.
“Even as fiscal policymakers address the urgent issue of fiscal sustainability, they should take care not to unnecessarily impede the current economic recovery,” Bernanke ...

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