Former Federal Reserve Chairman Ben Bernanke warned Monday that reduced defense spending could have adverse long-term economic impacts, including undermining technological innovations that ultimately produce jobs in the private sector.
Similar Stories to Medill News Service: Cutting Defense Spending Could Hurt Economy, Bernanke Warns on Bing News
MarketWatch.com - Top Stories, MarketWatch
Mon, 08/17/2015 - 11:01am
BING NEWS:
- Wicker plan to spend 5% of GDP on defense runs up against tough budget realities
Sen. Roger Wicker is calling for the annual defense budget to grow to 5% of GDP by the end of the decade, a proposal that would cause the federal debt to soar.
06/6/2024 - 9:04 am | View Link - Russian Economy Can Sustain War 'Indefinitely' Under Two Conditions—Report
Vladimir Putin needs high oil prices and enough workers to keep Moscow's war economy afloat, Russian economist Dmitry Nekrasov has said.
06/6/2024 - 2:04 am | View Link - Here’s How the U.S. Government’s Spending May Hurt the Economy
The U.S. government has been on a spending spree fueled ... loss of confidence in the U.S. economy. This lack of confidence can translate into higher borrowing costs for the government, making it even ...
05/24/2024 - 3:50 am | View Link - More
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