President Barack Obama announced his intention to reappoint Ben Bernanke as chairman of the Federal Reserve on Tuesday as the White House warned of a sharp deterioration in the US fiscal outlook.
Lehman Brothers
US says debt outlook worsening
By Sarah O’Connor, Edward Luce, and Krishna Guha in Washington
Published: August 25 2009 19:37 | Last updated: August 26 2009 01:47
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