The US Federal Reserve gave a downbeat assessment of the world’s largest economy on Wednesday as it pointed to slower than expected growth and higher inflation

◼ Bernanke speaks, markets dive... - Financial Times via Drudge
◼ Bernanke Admits He’s Clueless On Economy’s Soft Patch - Forbes

◼ CBO: Long-Term Debt Picture Worsens... - National Journal
◼ CBO'S 2011 LONG-TERM BUDGET OUTLOOK - Congressional Budget Office (CBO)

◼ CBO: U.S. National Debt Will Climb to 187% of Entire U.S. Economy by 2035 - Hillbuzz