CBO Director Supports Tax Cut Extension

Congressional Budget Office Director Dr. Doug Elmendorf tells Congress that permanently extending Bush-era tax cuts will boost economy more than letting them expire. 

Fed Chairman Ben Bernanke supports a stimulus package

Chairman of the Federal Reserve Ben Bernanke, testifying before the House Budget Committee, responds to a question by committee chairman Rep. John Spratt (D-SC) by saying that a stimulus package could be useful if done quickly, if temporary, and if efficient.

Fed Chairman Ben Bernanke says the 2008 economy will be weak

Chairman of the Federal Reserve Ben Bernanke, testifying before the House Budget Committee, responds to a question by committee chairman Rep. John Spratt (D-SC) by saying that the economy has "softened" and that the prospects for 2008 are not as good as 2007.

Fed Chairman Ben Bernanke supports careful fiscal actions

Chairman of the Federal Reserve Ben Bernanke, testifying before the House Budget Committee, says that fiscal policy actions could be helpful if done properly.