Author Archives: Associated Press

Powell urges Congress to tackle growing budget deficit

Federal Reserve Board Chair Jerome Powell takes his seat to testify to the House Budget Committee, Thursday, Nov. 14, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

WASHINGTON — Federal Reserve Chairman Jerome Powell on Thursday urged Congress to tackle the growing budget deficit but also underscored the current health of the nation’s economy. Powell’s testimony before the House Budget Committee came a day after he told Congress’ Joint Economic Committee ...

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