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September 5, 2008 3:00:19 AM CDT

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Stories related to: House Budget Committee

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  • January 2008

    • Bernanke Backs Quick Bailout

      CNN  |  Jan 17, 08 10:50 AM CST

      Bernanke Backs Quick Bailout

      (Newser) - The country needs a federal stimulus package ASAP, Federal Reserve Chairman Ben Bernanke told the House Budget Committee today, advocating immediate legislation designed “so its effects on aggregate spending are felt as much as possible within the next 12 months.” But he said the package should be “explicitly temporary,” to avoid unwanted long-term stimulus and an undue deficit bulge, CNNMoney reports. More »

      Tags

      Congress  • Federal Reserve  • subprime mortgages  • recession  • Ben Bernanke  • inflation  • economic stimulus  • budget deficit  • House Budget Committee

    • Bernanke Backs Stimulus Plans for Economy

      New York Times  |  Jan 16, 08 7:51 PM CST

      Bernanke Backs Stimulus Plans for Economy

      (Newser) - Ben Bernanke insists he won’t take sides in a congressional fray over how to revive the nation’s flat-lining economy. But the Fed chief says he will support an economic stimulus package—be it GOP tax cuts or Democrats' increased spending—as long as it is quick and temporary, the New York Times reports. Lawmakers are scrambling to devise ways to ward off a recession, and Bernanke testifies before a House panel tomorrow. More »

      Tags

      US economy  • Federal Reserve  • Ben Bernanke  • tax cuts  • stimulus package  • US Congress  • federal fund rates  • House Budget Committee

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