Bernanke Delivers Blunt Warning on U.S. Debt
The United States could soon face a debt crisis like Greece. Read More...
Washington Times
Originally published 05:00 a.m., February 25, 2010, updated 04:00 p.m., February 25, 2010
Bernanke delivers blunt warning on U.S. debt
Patrice Hill
With uncharacteristic bluntness, Federal Reserve Chairman Bernanke warned Congress...the United States could soon face a debt crisis like...Greece, and declared...the central bank will not help legislators by printing money to pay for the ballooning federal debt.
"It's not something that is 10 years away. It affects the markets currently," he told the House Financial Services Committee. "[W]e may find ourselves facing higher interest rates even today."
Join the discussion on AMG’s The Public Square
Return to AMG’s home page