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1. BEN BERNANKE REITERATES THE FED'S PLANS... AGAIN

On Wednesday, during his biannual appearance before the House Financial Services Committee, Federal Reserve Chairman Ben Bernanke repeated once again the Fed's plans for its economic stimulus package: If and when the economy gains strength, the Fed will start trimming its $85 billion-a-month bond-buying program. Bernanke also warned that federal spending cuts, which he said have already reduced growth this year by about 1.5 percentage points, could create more problems for the economy. [The New York Times]

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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.