Bernanke Points to 'Increased Possibility of a Sudden Fiscal Crisis' | CNSnews.com

(CNSNews.com) – Federal Reserve Chairman Ben Bernanke said that the current trajectory of the federal budget – marked by large annual deficits – was “clearly unsustainable” and that “serious economic consequences” could result.

“Having a large and increasing level of government debt relative to national income runs the risk of serious economic consequences,” Bernanke told the Senate Budget Committee Tuesday.

Bernanke Points to 'Increased Possibility of a Sudden Fiscal Crisis' | CNSnews.com