Sunday, June 13, 2010

Ben Bernanke Warns U.S. of 'Unsustainable' Debt Level, and Stocks

"Our nation's fiscal position has deteriorated appreciably since the onset of the financial crisis and the recession," Bernanke told the House Budget Committee. Ben Bernanke says our economy is at an unsustainable debt level. The U.S. economy's major trouble spots -- the housing market and the 9.7 percent unemployment rate -- are showing their staying power.

Dow: +38.54, 10,211.07, +0.38%
Nasdaq: +24.89, 2,243.60, +1.12%
S&P 500: +4.76, 1,091.60, +0.44%

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