USA TODAY-Bernanke-testimony
This article deals with our economy crisis happening right now. Gas prices soaring to record levels along with high unemployment is causing major concern over just how bad this recession could turn out to be. Bernanke is for the approval of a $600 billion buy of US Treasury bonds through June to help out with this crisis. Problem is, with unemployment so high and gas prices very high as well, workers cannot ask for raises and firms are not hiring more employees. The economy is quickly going downhill. It also talks about the rising food prices contributing to this recession. Bernanke is set to testify in front of The Senate Banking Committee and The House Financial Services Committee regarding these issues. Hopefully they can come up with an answer to this economic crisis facing us today.
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