Arab Today, arab today us deficit experts call for bold action on debt reduction
Last Updated : GMT 09:47:44
Arab Today, arab today
Arab Today, arab today

U.S. deficit experts call for bold action on debt reduction

Arab Today, arab today

Arab Today, arab today U.S. deficit experts call for bold action on debt reduction

Washington - Xinhua

The United States must take serious and bold measures to tackle its mounting debt challenge in a timely manner, said some prominent experts on budget issues on Tuesday. If the lawmakers are \"bold and do it in a smart manner,\" the public will reward them, said Erskine Bowles, who was White House Chief of Staff under President Bill Clinton, before the U.S. Congress\' bipartisan debt reduction \"supercommittee.\" The newly-formed congressional deficit reduction panel, formally named the Joint Select Committee on Deficit Reduction, was tasked to identify at least 1.2 trillion U.S. dollars in deficit cuts by Nov. 23, a key element of the partisan debt ceiling wrangling this summer. During Tuesday\'s Congress testimony, Bowles and three other budget experts urged the panel to go trillions beyond that savings target. Senator Patty Murray of Washington, the top Democrat on the supercommittee, said the panel is entering \"the final critical phase\" of its work, adding that a failure to find ways to reduce the debt would be unacceptable. So far, the two parties remain unwilling to compromise, with Republicans reluctant to raise the tax and Democrats unhappy with Medicare cuts. Former Republican senator Alan Simpson said in his testimony that the supercommittee is facing a tremendous challenge. However, he said, the U.S. economy as well as its government credibility would be damaged if the panel does not take bold action. The experts held that the committee members, six Republicans and six Democrats, had to walk the fine line between putting the nation\'s fiscal house in order and protecting programs that keep the economy strong. The U.S. federal government registered a nearly 1.3 trillion U. S. dollars budget deficit for the 2011 fiscal year ending September, fresh evidence of the mounting budgetary pressure facing the world\'s largest economy. 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us deficit experts call for bold action on debt reduction Arab Today, arab today us deficit experts call for bold action on debt reduction

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday