Financial Times FT.com

Wall Street dips on Bernanke warning

By Anuj Gangahar in New York

Published: June 3 2009 14:18 | Last updated: June 3 2009 21:35

Wall Street stocks declined on Wednesday as oil prices slid and investors reacted to mixed data on the economy and a warning from Federal Reserve chairman Ben Bernanke.

Testifying before the House Budget Committee, Mr Bernanke said the US budget deficit threatened US financial stability and said the government could not continue indefinitely to borrow at the current rate to finance the shortfall.

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