America’s #1 Export Under Obama? DEBT!
Biden to sell debt ceiling deal during trip to China, Japan
Vice President Biden will tout the debt ceiling deal during a trip to China and Japan, two holders of huge amounts of U.S. debt.
Biden will travel to top lender China on Wednesday and to Japan, the second-biggest holder of U.S. bonds, on Aug. 22. The vice president “will be in a good position to talk about the very strong deficit package that we concluded here recently,” Undersecterary of the Treasury Lael Brainard told reporters Monday in comments previewing the vice president’s visit.
The debt-ceiling deal signed by President Obama could cut up to $2.5 trillion from budget deficits over the next decade, but it was a smaller package than the grand bargain Obama flirted with striking.
Standard & Poor’s downgraded the nation’s AAA rating to AA+ a few days after Obama signed the legislation. S&P had called for a $4 trillion package, and said it was left uncertain that U.S. politicians could agree to a larger deficit-reduction package. source – The Hill
|Print article||This entry was posted by NTEB News Desk on August 16, 2011 at 9:03 am, and is filed under Headline News, Obama. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed.|
about 2 weeks ago - 81 comments
Michelle Obama grasped a Communist Red Chinese flag in both hands, and got to jumpin’ and shoutin’ the likes of which she has never displayed for things American. There is no known image that exists of her doing the same thing with the American flag.
about 1 month ago - 14 comments
about 1 month ago - 31 comments
Defense Secretary Chuck Hagel plans to shrink the United States Army to its smallest force since before the World War II buildup and eliminate an entire class of Air Force attack jets in a new spending proposal that officials describe as the first Pentagon budget to aggressively push the military off the war footing adopted after the terror attacks of 2001.
about 2 months ago - 21 comments
On Jan. 31, the USPS Supplies and Services Purchasing Office posted a notice on the Federal Business Opportunities website asking contractors to register with USPS as potential ammunition suppliers for a variety of cartridges.
about 3 months ago - 33 comments
about 3 months ago - 64 comments
about 5 months ago - 11 comments
Five millions tons of rubbish made up of devastated homes, boats, cars and businesses is making its way across the Pacific Ocean following the 2011 tsunami in Japan. Scientists have already discovered debris on the west coast but their latest findings suggest California is expected to be hit with a deluge all at once.
about 5 months ago - 14 comments
about 6 months ago - 82 comments
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