Bernanke Urges Congress to Act Swiftly on Fiscal Cliff (NYT)

Fed Chairman reiterates urgency of situation, calls for cooperation and decisiveness.

Fed Chairman Ben Bernanke warned of the risks of recession if a deal is not reached on the fiscal cliff, speaking yesterday at the Economic Club of New York, the New York Times reported. In his speech, Bernanke repeated what he has called for in the past: cooperation and action, saying that it is important that Congress come to a 'reasonable solution with a minimum of uncertainty and delay,' the paper reported.

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