KQED PBS NewsHour February 26, 2013
Thank you. Ifill the federal government moved another day closer today to 85 billion in automatic spending cuts. And as political charges and countercharges flew, Federal Reserve chief ben bernanke raised new fears about the potential economic fallout. The fed chairman told a Senate Committee that forcing acrosstheboard spending cuts could slice half a percentage point off economic growth. I think an appropriate balance would be to introduce these cuts more gradually and to compensate with larger and more sustained cuts in the longer run to address our longrun fiscal issues. Ifill bernanke sai...