(Performance, updates from market of paragraph 10, note by the Treasury Board in 20th paragraph.) (See EXT6 for more information on the budget).
April 9 (Bloomberg)--the President Barack Obama said the budget deal that he hit Congress is a "reasonable compromise" that will keep open government offices and the paychecks flowing for federal employees and military personnel.The President announced the agreement of the White House with less than an hour to spare before organizations could begin the closure of many operations, foul spending of government power"."The two parties had to make difficult decisions and to give ground on issues that are important to them", said Obama. "But begins to live within our means is the only way to protect the investments that will help America compete for new jobs."The agreement of slice $ 38.5 billion of about 3.5 trillion dollars in spending for the fiscal year 2011 has prevented the first closure of the Federal Government in 15 years, which would have closed national parks, suspended tax audits and prohibits the 800,000 federal employees to start at midnight.Obama remarks were followed by a quick approval by the Senate and the House of representatives for a temporary spending measure that will fund government operations until 14 April so that legislators broad agreement on the budget bill.Democrats accept budgetary spending after an agreement was reached to abandon Republican provisions that would reduce funds for family planning and environmental rules blocked.Compromise wanted "the size of the cuts is a little more like Democrats, but on the other hand, are usually missing," said Gary Jacobson, Professor of political science at the University of California at San Diego. "If it is something which could be generally popular and help both sides." Most Americans wanted an any compromise. "Julian Zelizer, a Professor of history and public affairs at the University of Princeton, New Jersey, said Obama may face questions about whether if it is engaged in negotiations quite quickly. "All and all, it is something he survives rather than a negotiation redone how the electorate thought him,"Said Zelizer."Market EffectWhile the President and legislators have negotiated a budget, markets showed little concern about the financial health of the U.S.bond yields are now less when the Government ran a budget surplus there ten years while the Department of the Treasury data show that the amount of outstanding negotiable debt securities totalled 9.13 billion $ 4.34 trillion in mid-2007.The performance of 10 years of the Treasury Board reference note was to 3.58% yesterday, below the average of 7% since 1980, reflecting expectations that an agreement would be reached, said John Lonski, Chief Economist at the confidence of Group.Consumer on the capital markets of Moody to rose for a second week United States consecutive as a market improvement work has helped to facilitate the burden of higher fuel costs. Bloomberg consumer comfort index climbed at least 44.5 in the period ending April 3 of UNMIS 46.9 the previous week.Obama, 49, said the agreement properly reflects "a debate on reductions, social issues, not spending" and is a budget which will be the beginning of the country "begins to live within our means," by making significant reductions while preserving the priorities such as education spendingenergy and medical research development. "Painful ' CutsThe Chairman said some popular programs would be reduced and infrastructure projects would be delayed. "" Some of the cuts that we have agreed will be painful ", he said. "I would have not done these cuts in the best of circumstances."Obama and Republican representative Paul Ryan of Wisconsin called the plan budget "good news" in their weekly addresses to the radio and the Internet today. "" But much more must be done to put our nation on a genuine path to prosperity, "said Ryan, who was earlier this week presented a budget plan Republican for 2012 tax would slice more than $ 6 billion over the next decade of insurance-maladieMedicaidfood stamps and dozens of other programs. "" By removing the anchor of the debt that weighs on our economy and the progress of the customs tax reforms, this budget is a budget of jobs, "Ryan said in his weekly address.Together a StandardObama, in his speech, said that the agreement expenditures must define a standard for both parties. "" Is I sincerely hope that we can continue to meet that we face the many difficult to accomplish - challenges of job creation and growth of our economy to educate our children and reducing our long-term deficits, which "He said.A series of late meetings and phone calls last night sealed the deal and capped a week of negotiations in which House Chairman John Boehner, a Republican Ohio and Senate Majority Leader Harry Reid, a Nevada Democratmade four trips to the White House to meet with Obama.Administration officials said a breakthrough, at a meeting on the night of the April 7 when the participants leaves the Oval Office in agreement on the outline of a plan to reduce spending by $ 38 billion.Always unstable was Republican attempts to add riders of so-called policy targeting of federal aid to family planning and environmental regulations. The administration drew a line with these provisions.Political ProvisionsReid said later that the Vice President Joe Biden was furious that Republicans were not choirs on cut funding for family planning and he told them at a given time, "well, very well." "Let the American people to decide this issue then.Aid worked by night and administration officials who told reporters after talks about Obama, said that it is a phone call at 10: 45 yesterday from Obama to Boehner which helped to push the process.The officials, who spoke condition of anonymity, said several proposals and counterproposals circulated among legislators and the administration throughout the day as members of Congress, shuttle between meetings and press conferences.Little said at the White House, administration officials said, on the order of the President who wanted to give members of Congress time to sort the differences.At 10: 30, Chief of staff William Daley called the President in residence to tell him that an agreement had been reached. At 11: 04 p.m., he addressed to the public of the White House Blue Room, with the Washington Monument illuminated, framed in a window behind him. "" Tomorrow, I am pleased to announce that the Washington Monument, and the whole of the Federal Government, will be open for business, "said the President.-With the help of Laura Litvan, Catherine Dodge, Julie Hirschfeld Davis, Justin Blum and James Rowley Washington. Editors: Joe Sobczyk, Ann Hughey.
To contact the reporters on this story: Nicholas Johnston in Washington at njohnston3@bloomberg.net. Julianna Goldman in Washington to jgoldman6@bloomberg.net
To contact the editor responsible for this story: Mark Silva in msilva34@bloomberg.net
没有评论:
发表评论