'Fiscal cliff hurts US economy'

Federal Reserve Chairman says political disagreements on tax increases and spending cuts hurt the economy.

    According to Ben Bernanke, the chairman of the United States Federal Reserve, the US economy has been affected by the political disagreements over how to deal with the country's debt.

    Bernanke says that if there is no agreement on tax increases and spending cuts to ward off the "fiscal cliff", it will hurt the economy for years to come.

    Al Jazeera's Patty Culhane reports from Washington D.C.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    Pakistan's tribal areas: 'Neither faith nor union found'

    Pakistan's tribal areas: 'Neither faith nor union found'

    Residents of long-neglected northwestern tribal belt say incorporation into Pakistan has left them in a vacuum.