Federal Reserve Chairman Ben Bernanke told members of the Senate Budget Committee on Tuesday that uncertainty — with respect to taxes, regulations, as well as the failure of Senate Democrats to pass a budget — is having a negative impact on economic growth.
SEN. RON JOHNSON (R-WIS.): In terms of the uncertainty caused by the Senate not having passed a budget…Can you speak to the lack of an actual plan that makes sense to business people and consumers? Can you speak to how harmful that is in terms of economic growth?
BERNANKE: Is uncertainty about the future of the tax code, government programs and so on a negative for growth? I think it is.