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

Bernanke sees 200,000 hit 

to jobs from budget cuts

By Mark Felsenthal

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