As economic crises pile up, Bernanke warns Congress recovery is ‘close to faltering’
Martin Crutsinger and Christopher S. Rugaber, AP Economics Writers
Tuesday October 4, 2011, 6:04 pm EDT
WASHINGTON (AP) — Europe has a debt crisis. America has a jobs crisis. Corporate profits could be in trouble. World financial markets are in turmoil. And no one seems prepared to ride to the rescue.
Federal Reserve Chairman Ben Bernanke bluntly warned Congress on Tuesday of what most of America has sensed for some time: The economic recovery, such as it is, “is close to faltering.”