On the recordJuly 13, 2011
I would urge Congress to take every step possible to avoid defaulting on the debt or creating even any significant probability of defaulting on the debt.
Source
congress.govI would urge Congress to take every step possible to avoid defaulting on the debt or creating even any significant probability of defaulting on the debt.
Bernanke emphasizes the need for Congress to prevent a debt default.
Share
More from Ben Bernanke
making derivatives safer is very important, part of solving Too Big to Fail and preventing another financial crisis.
The potential of Artificial Intelligence is enormous, and so is the range of outcomes. How that potential plays out will depend, in part, on the institutions we build it around.
Financial risk tends to migrate around regulatory obstacles like a river flows around rocks.
The economy needed help from Congress, if not from additional spending on roads and bridges, for example, then at least in areas such as retraining unemployed workers.