The United States is on a fiscal path towards insolvency and policymakers are at a "tipping point," a Federal Reserve official said on Tuesday. "If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when," said Dallas Federal Reserve Bank President Richard Fisher. "I think we are at the beginning of the process and it's going to be very painful," he added.
http://www.cnbc.com/id/42209447
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