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13
Jul

Bernanke: U.S. Default Would Cause Crisis For Economy

Posted by Susan Mitchell (0) Comment

The Federal Reserve Chairman has issued a stern warning to Congress repeatedly this year: if it fails to raise the U.S. debt ceiling by Aug. 2, the economic fallout could be "catastrophic," "self defeating" and "dire."

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Category : Debt Management | Economy News | Blog
31
Jan

Bernanke Wins Second Term

Posted by Susan Mitchell (0) Comment

Fifty-six-year old Ben Bernanke has won a second term as chairman of US central bank, the Federal Reserve.

The US Senate confirmed the appointment after it voted 77-23 in favour of Bernanke, whose current term ends on Sunday.
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Category : Economy News | Blog