Bernanke: Boomers to 'Seriously Weaken' Economy

WASHINGTON -- "Federal Reserve Chairman Ben Bernanke told Congress Thursday that the economy could be gravely hurt if the nation's fiscal house is not put in order and Social Security and Medicare aren't revamped.

'If early and meaningful action is not taken, the U.S. economy could be seriously weakened,' Bernanke said in prepared testimony to the Senate Budget Committee." Read on...