Bernanke tells the bipartisan debt commission that the U.S. needs a deficit-cutting plan soon...

|By:, SA News Editor

Bernanke tells the bipartisan debt commission that the U.S. needs a deficit-cutting plan soon and urges them to look at reforming the tax code. Ultimately, he says, the government will have to pick from among raising taxes, cutting Social Security or Medicare, or slashing major pieces of the budget.