Another debt ceiling debacle could sink the economy
Last year's Congressional debt standoff hurt consumer confidence more than the collapse of Lehman Brothers, Betsey Johnson and Justin Wolfers write. This time could be worse. Read more at Counterparties
Bernanke: Fed will shine light on emergency lending
WASHINGTON |
WASHINGTON (Reuters) - The Federal Reserve will disclose by December 1 details of emergency credit programs enacted in the midst of the financial crisis, Fed Chairman Ben Bernanke said in testimony obtained by Reuters on Wednesday.
The remarks were prepared for delivery to the Senate Banking Committee, which is holding a hearing on Thursday with Bernanke and five other top regulators to discuss implementation of the Dodd-Frank regulatory reform rules.
(Editing by James Dalgleish)
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Comments (1)
bobw111 wrote:
Conveniently after the elections so all the sleezballs in congress that pressed for this can get re-elected first…
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