24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

Bernanke Wants the Debt Ceiling Raised

WASHINGTON, Jan. 15 (UPI) -- Federal Reserve Chairman Ben Bernanke said Congress must raise the debt ceiling and not use a potential U.S. debt default as leverage to get spending cuts.

"Raising the debt ceiling, which Congress has to do periodically, gives the government the ability to pay its existing bills -- it doesn't create new deficits, it doesn't create new spending," Bernanke said at the University of Michigan.

Source: UPI. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement