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(Image from article: "Bernanke set for second Fed term")

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Government default would be "calamitous": FDIC's Bair

A senior banking regulator urged Congress to raise the federal debt ceiling to prevent a "calamitous" government debt default.

 

Bernanke set for second Fed term

Bernanke set for second Fed term

US President Barack Obama is to announce he is reappointing Ben Bernanke to a second term as chairman of the US central bank, the Federal Reserve.

 

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