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Bernanke warns Congress to avoid 'fiscal cliff'

Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year.

 

Bernanke: Despite employment slowdown, economy growing moderately

Federal Reserve Chairman Ben S. Bernanke maintained that the economy was continuing to grow at a moderate pace, despite the recent sharp deceleration in job growth and a slowdown in economic output in large part because of federal spending cuts.

 

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