Published on 26th April 2012
"The Federal Reserve Wednesday issued a brighter economic forecast for 2012, but Fed chairman Ben Bernanke warned that Congress could cause an economic slump in 2013 if it fails to act on a series of expiring tax cuts and planned spending cuts by year-end. The Federal Reserve Wednesday issued a brighter economic forecast for 2012, but Fed Chairman Ben Bernanke warned that Congress could cause an economic slump in 2013 if it fails to act on a series of expiring tax cuts and planned spending cuts by year-end," writes USA Today.