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What's the Cost of Sequestration to Taxpayers?

Tuesday, 26 Feb 2013 | 11:28 AM ET

Sen. Patrick Toomey, (R-PA) want to know the cost of liquidating the bond market, and Sen Mark Warner, (D-VA), asks Bernanke whether the automatic cuts will actually cost taxpayers more money. The Fed Chairman explains how it would be helpful to bring down the debt-to-GDP level.