Federal Reserve Chairman Alan Greenspan warned congress that the U.S. budget deficits are a threat to the long-term economic health of the country. Greenspan claims that congress can not deliver all that it has promised, and that it has to make big changes in the way it handles finances. According to a "Every successive testimony, I can see him getting more and more impatient," said David Wyss at Standard & Poor's. "It's like, 'Why don't you idiots get this - that you can't continue spending more than you take in?' " The U.S. has been pressuring China to stop directly linking the yuan to the dollar, but China says it needs more time. An Murdok | Breaking eBusiness News Your source for investigative ebusiness reporting and breaking news.
Greenspan Warns Congress of Long-Term Economic Danger
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