Federal Reserve Chairman Ben S. Bernanke said an agreement on ways to reduce long-term federal budget deficits could remove an impediment to growth, while failure to avoid the so-called fiscal cliff would pose a “substantial threat” to the recovery.
44:41 - Bloomberg has learned that China has indeed been reducing its hoard of U.S. Treasuries, confirming intense speculation in the market. Bloomberg's David Ingles reports on "First Up." (Source: Bloomberg)
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