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bhtmnv5ed6tg
Newbie ![]() Joined: Apr 25 2013 Location: United Kingdom Online Status: Offline Posts: 37 |
![]() ![]() ![]() Posted: Apr 27 2013 at 12:43am |
x-cut deal that President Obama proposed last week.Larry Summers, U.S. National Economic Council Director, speaks about the global economic power shift away from the developed nations of the West and towards the newly industrialized nations of the East and South, at the 2010 meeting of the Wall Street Journal CEO Council in Washington November 15, 2010.Obama announced on Dec. 6 that the White House had reached a compromise with the Republicans. The package, which still needs congressional approval extends the soon-to-expire Bush-era tax cuts at all income levels for another two years, lowers payroll taxes by 2 percentage points and provides additional jobless benefits.The framework agreement has sparked criticism from Democratic lawmakers in recent days. They are unhappy about the deal's generosity to the wealthiest and argued that it will add burden to the U.S. fiscal deficit.U.S. federal deficit recorded 1.42 trillion U.S. dollars in fiscal year 2009,toms shoes, and 1,cheap toms.29 trillion dollars in 2010. The current federal deficit to GDP ratio is about 8.9 percent.Many economists are worrying that the tax-cut proposal, which is expected to cost about 900 billion dollars in the next two years, will worsen the U.S. deficit.Summers disagreed with critics who say the package would worsen the U.S. budget deficit.He said the economy needs forward momentum to fully recover from its worst crisis since the 1930s.Still,toms outlet, Summers acknowledged that it was also crucial to restore the country to fiscal health in the longer term. WASHINGTON, Dec. 14 Xinhua -- U.S. Vice President Joe Biden on Tuesday met with General Lloyd Austin, commander of U.S. forces in Iraq, reviewing developments in that country before a United Nations meeting on Iraq.According to the White House, during the meeting, Biden and National Security Advisor Tom Donilon were briefed by Austin, who reviewed political and security developments in Iraq. They also discussed the progress Iraq has made toward providing for its own security.The meeting took place before a United Nations Security Council High-Level Meeting on Iraq, which will be chaired by Biden on Wednesday. The purpose of the meeting is to recognize and reinforce the tremendous progress that the Republic of Iraq has made and to discuss ways in which members can continue to support Iraq's government and people, said the White House.The United States formally ended its combat operations in Iraq on September 1, cutting the U.S. military personnel based there to about 50,000. Washington said that the remaining U.S. troops will stay in Iraq for training and supporting Iraqi security forces, also conducting joint counter-terrorism operations.The U.S. troops will completely pull out of Iraq by the end of 2011, according to a security pact signed in 2008 between Baghdad and Washington. WASHINGTON, Dec. 14 Xinhua -- In celebration of the upcoming Chinese Lunar New Year, the U.S. Treasury Department on Tuesday unveiled two new Lucky Money products, Year of the Rabbit and Lucky Lion. U.S. Treasurer Rosie Rios formRelated articles:
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