Striking a quick deal to avoid the so called fiscal cliff could result in a, “very good year” for the U.S. economy.
That’s the view of Ben Bernanke the powerful Federal Reserve Chairman. The bank chief said a credible long-term framework to put the federal budget on a sound path was needed but warned against drastic action which would harm the economy.
Analysts believe he was dangling the prospect of a stronger economy before Congress as an added incentive for lawmakers to strike a deal.
Get a different perspective
Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.