Bernanke said to a group of Democrats the scheduled end of programs including tax cuts and extended unemployment benefits could pose a risk to the U.S. expansion, said Conrad, a Democrat from North Dakota.
“If all those things happened, that would constitute a fiscal cliff, and that would have economic consequences,” Conrad said.
Conrad declined to characterize Bernanke’s message about the potential impact from the expiration of the pro-growth policies. Bernanke also described the current condition of the economy, Conrad said.
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