Bernanke: Sequestration May Cause Economic `Burden'

Bernanke: Sequestration May Cause Economic `Burden' Play

Feb. 26 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said automatic federal budget cuts set to begin March 1 will put a "significant" burden on the economy if lawmakers can’t avert the reductions. Bernanke spoke before the Senate Banking Committee in his semiannual policy report to Congress. (This is an excerpt. Source: Bloomberg)

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