Bernanke presses lawmakers to resolve fiscal cliff

From marketwatch.com

Federal Reserve Board Chairman Ben Bernanke went to New York City Tuesday to deliver a message to Washington: cut a deal to avoid the fiscal cliff and don’t play politics with the federal debt limit again. Uncertainty over U.S. tax and spending policy is weighing on spending decisions of households and businesses as well as on financial markets, Bernanke said in remarks to the New York Economic Club. “Uncertainty about how the fiscal cliff, the raising of the debt limit, and the longer-term budget situation will be addressed appears already to be affecting private spending and investment decisions and may be ... (full story)