Medicare, Social Security Obligations Could Harm Future U.S. Economy, Federal Reserve Chair Bernanke Says In Senate Testimony

Federal Reserve Chair Ben Bernanke on Thursday at a Senate Budget Committee hearing said that if "early and meaningful action is not taken" by Congress to address the rising costs of retirement and medical services for baby boomers, "the U.S. economy could be seriously weakened, with future generations bearing much of the cost," the AP/Bergen Record reports.

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