Resolve deficit to fix job market, Bernanke tells Congress

02/26/2010 | Christian Science Monitor, The · Bloomberg

Federal Reserve Chairman Ben Bernanke told Congress that it would be wise not to forget about the budget deficit when it spends money to spur the creation of jobs. If Congress intends to spend more money, it will "be good to combine that" with a concrete plan to get the deficit under control, he said. Even after the U.S. economy fully recovers, a deficit of 4% to 7% of GDP is expected, Bernanke said. "That is not a sustainable number," he said.

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Christian Science Monitor, The · Bloomberg

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