Saturday, March 05, 2011

EconomicsUSA: Unemployment: Budget cuts will cut 200,000 jobs, says Fed Reserve Chair

Bernanke sees 200,000 hit 

to jobs from budget cuts

Chairman of the Federal Reserve Ben Bernanke testifies before the House Committee on Financial Services on Capitol Hill in Washington March 2, 2011. REUTERS/Kevin Lamarque

WASHINGTON | Wed Mar 2, 2011 8:27pm EST
(Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday a Republican spending cut plan would not cause a big dent to U.S. economic growth, but could cost around 200,000 jobs over two years.
Read more of this Reuters 2-page article (Mar2,2k11). Very interesting and stimulating.
-- posted by EconoMix

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