Recovery ends if debt limit not raised: Bernanke by Greg Robb
WASHINGTON (MarketWatch) -- A failure by Congress to increase the debt ceiling would be a "recovery-ending event," Federal Reserve Board Chairman Ben Bernanke said Tuesday. Congress remains divided over a debt-ceiling increase. Republicans want to tie any increase in the debt-ceiling to cuts in government spending. Democrats want the measure considered on a stand-alone basis. Treasury Secretary Timothy Geithner has said that the government might hit the debt ceiling some time beween April 5 and May 31.