Ben Bernanke: “A significant portion of this effect is related to the automatic spending sequestration that is scheduled to begin on…”

I do think is very important on both humanitarian and also economic basis.

the worst financial crisis in global history, including the Great Depression.

A default by the U.S. Government would be extremely disruptive.

Lower paid workers, as well as women and minorities, are over-represented in the most affected sectors, and, thus, have borne a disproportionate share of the job and income losses.