The odds for a U.S. recession just went up

More bad news from Merrill Lynch and a housing start meltdown. Ben Bernanke decides that some government action "could be helpful"

By Andrew Leonard
January 17, 2008 9:37PM (UTC)
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Ben Bernanke, testifying before Congress Thursday morning:

"I think a fiscal stimulus package could be helpful in the current circumstances. "

P.S. Don't miss Roger Lowenstein's fabulous (and long) piece on Bernanke, the Fed, and the economy in the New York Times.

Andrew Leonard

Andrew Leonard is a staff writer at Salon. On Twitter, @koxinga21.

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