News Headline Summary

Fed Chairman Bernanke says we need to think about long-term debt sustainability

Says:
- Federal budget must be brought under control.
- US in a relatively fragile recovery.
- Fiscal cuts too sharp may weaken economy.
- Recovery shouldn't be unduly hampered.
- More work to be done over longer period.
- We are not out of the woods yet.
- Saw a bit of progress in recent fiscal deal.

Print 21:16, 14 Jan 2013 - Fed - Source: Newswires