Fed's Bernanke 'concerned' over budget deficit

Federal Reserve chairman Ben Bernanke said he was concerned about the U.S. budget deficit, noting in a letter released Tuesday 14 March that an aging population is going to increase pressure on the budget.

"I am quite concerned about the intermediate to long-term federal budget outlook," Bernanke said in a letter to Sen. Robert Menendez, following up on the Fed chief's Feb. 16 testimony to the Senate Banking Committee.

"In particular, the budget is expected to come under severe pressure as impe

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