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Article: NATIONAL BRIEFS

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The Record (Bergen County, NJ)
Article date:
June 4, 2009
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The Record (Bergen County, NJ)
06-04-2009

NATIONAL BRIEFS
Date: 06-04-2009, Thursday
Section: BUSINESS
Edtion: All Editions
Column: NATIONAL BRIEFS

Bernanke raises red flag on deficit

WASHINGTON Federal Reserve Chairman Ben Bernanke on Wednesday urged Congress and the administration to cut record-high budget deficits, warning that they could erode investor confidence and endanger the economy's long-term health.

Bernanke's comments came as concerns grow at home and overseas about the United States' mounting red ink.

The White House estimates that the government will rack up an unprecedented $1.8 trillion budget deficit this year. That would be more than four times last year's all-time high.

The ...

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