Federal Reserve Chairman Ben Bernanke said that 2013 could be a “very good year” for the U.S. economy if politicians can strike a quick deal to avoid the so-called fiscal cliff, Reuters reports.
“The powerful central bank chief called for a credible long-term framework to put the federal budget on a sound path, but warned against action that would needlessly add to the headwinds facing the economy.”
Wonk Wire: A fiscal cliff solution will avoid another recession.
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