On the recordJuly 13, 2011
I think it would be a calamitous outcome. It would create a very severe financial shock that would have effects not only to the U.S. economy, but on the global economy.
Source
congress.govEditor's note · Context
Bernanke warns about the severe consequences of a potential Treasury default.
Share & report
More from Ben Bernanke
Mar 4, 2013
We all agree that the burden of regulation falls particularly heavily on small community banks which don't have the resources to manage those regulations very effectively.
Apr 15, 2013
My concern is about defaulting on the debt, and for me that is a very high priority so a debt prioritization bill would help on that count very much.
Feb 26, 2013
A significant portion of this effect is related to the automatic spending sequestration that is scheduled to begin on March 1st.
Other voices in this conversation
