American government has offered a big stimulus package to revive the country’s economy but that stimulus will cause serious trouble in the long run. In his speech towards the House Budget Committee, Ben.
Yields on the ten year US Treasury bonds increased by 1 percentage points since the Federal Reserve announced to buy long term treasury bonds worth $300 billion. On
House Majority Leader, Steny Hoyer also agreed with Bernanke and said that the house is going to pass a legislation to cut spending in one category. President Barack Obama promised to halve the budget deficit by the end of his term and even if he becomes successful, the government will continue with large deficit in future.
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