Bernanke urges budget deal

11/20/2012 | Reuters · Hill, The · Wall Street Journal, The

Federal Reserve Board Chairman Ben Bernanke says failure to reach a budget deal and avert a "fiscal cliff" could undermine the recovery of the U.S. economy in 2013. "Cooperation and creativity to deliver fiscal clarity -- in particular, a plan for resolving the nation's longer-term budgetary issues without harming the recovery -- could help make the new year a very good one for the American economy," he said.

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