Business Briefs: July 15

Summary


Bernanke lobbies to hike borrowing limit

Federal Reserve Chairman Ben Bernanke says lawmakers would end up increasing the federal deficit if they fail to raise the nation's borrowing limit in time to avoid a default. Republicans have held up an increase in the borrowing limit on concerns of growing spending that has widened the federal deficits. Bernanke says a failure to hike the borrowing limit would amount to a "self-inflicted" wound.

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Extract


Business Briefs: July 15

Google Q2 earnings exceed expectations

Google ...

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