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DUH Bernanke: Don't Cut Spending Evan Vucci / AP Photo

Bernanke: Don't Cut Spending

Pretty much every economist has been saying it a thousand times, but will Congress listen? Federal Reserve chairman Ben Bernanke warned again Tuesday that Congress should not cut spending during a weak economy. Bernanke says the economy is growing slower than expected, and the biggest reason is poor job growth. Bernanke told the Joint Economic Committee that now is not the time to plan spending cuts of $1.5 trillion because it would hinder the recovery, but eventually they'll have to cut even more than that amount.

October 4, 2011 11:46 AM