“US Federal Reserve Chairman Ben Bernanke on Monday urged Congress to raise the nation’s borrowing limit as Democrats and Republicans battle over the federal budget.  ‘It’s very, very important that Congress take the necessary action to raise the debt ceiling to avoid the situation where the government doesn’t pay its bills,’ Bernanke said at a University of Michigan forum.  The United States ran up against its current borrowing limit of $16.4 trillion at the end of 2012, but the Treasury says it is using ‘extraordinary measures’ to extend the limit until late February.”

http://www.rawstory.com/rs/2013/01/14/bernanke-urges-congress-to-lift-debt-ceiling/

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