InfoAnda - Obama vows 'serious' bid to cut US deficit

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Korea Hot Stocks | 18 August 2010
Violent protests in Germany against nuclear waste train | 8 November 2010
Customers pre-ordering latest iPad will have to wait | | 11 March 2012

North Korea's Kim pledges to remove nuclear weapons | 9 February 2010

Forum Views () Forum Replies ()

Read more with google mobile : Obama vows 'serious' bid to cut US deficit

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Obama vows 'serious' bid to cut US deficit AFP - Sunday, November 15 Send IM Story Print President Barack Obama on Sunday vowed to take "serious steps" to cut the huge US budget deficit, which is complicating America's economic recovery hopes and threatening his own political prospects SINGAPORE (AFP) - – President Barack Obama on Sunday vowed to take "serious steps" to cut the huge US budget deficit, which is complicating America's economic recovery hopes and threatening his own political prospects. Obama told Asia-Pacific leaders at a summit here that he intended to curtail US government debt, with the White House forecasting a whopping deficit of 1.502 trillion dollars in fiscal 2010. He accompanied his pledge with a call on regional leaders to refashion their export-led economies to rebalance world growth and forestall future crises. "As the economy recovers, I intend to take serious steps to reduce America's long-term deficit," Obama said at the Asia-Pacific Economic Cooperation (APEC) forum, in remarks released by the White House. "Debt-driven growth cannot fuel America's long-term prosperity," he said. Obama's Republican critics, and some conservative Democrats, have called on the president to rein in spending on huge programmes such as health care and climate change to avoid inflating the sky-high deficit. The potent political charge that the White House is piling up debt that will bankrupt future generations of Americans will be a prime bone of contention in mid-term congressional elections next year. Obama pointed out to the 20 other APEC leaders that he had inherited a deficit already above a trillion dollars from former president George W. Bush. He also argued that he had little choice but to mandate high levels of deficit spending to stimulate the economy, amid the deepest economic crisis in decades. Obama warned Asian leaders that he was seeking changes to the way regional powers underpin their own growth by profiting from US consumption, in a rebalancing of the global economy. "We cannot follow the same policies that led to such imbalanced growth," he said, highlighting the severe deficits run up by the United States. "If we do, we will continue to drift from crisis to crisis, a failed path that has already had devastating consequences for our citizens, our businesses, and our governments." There has also been concern over the state of US finances from China, whose President Hu Jintao attended the APEC summit in Singapore. China said last month it was encouraged by signs of an economic recovery in the US, but hoped it would keep its budget deficit to an "appropriate size" to stabilise the US dollar exchange rate. Beijing is worried that US deficit spending will threaten the assets of China, which invests more than half of its foreign currency reserves in American bonds and is the United States' largest creditor. The US government announced last month that it had closed its 2009 fiscal year with a record budget deficit of 1.417 trillion dollars, up 962 billion dollars from the prior year. The huge gap stemmed from declining revenues and a massive boost to spending in a 787-billion-dollar stimulus plan designed to jolt the world's largest economy from its prolonged recession. Concerns over the deficit underscore a fundamental tension undercutting Obama's presidency in its first year -- the extent to which he is attempting sweeping political change at a moment of historic financial peril. Many economists say high deficits during economic crises are acceptable to fuel government spending to stimulate growth. But long-term deficits can result in high interest rates, making it much harder for consumers to finance outlays such as new homes and cars. Recommend Send IM Story Print News Search Top Stories Obama vows 'serious' bid to cut US deficit Madoff's spoils go under the hammer Commercial real estate woes imperil US recovery British PM vows law to crackdown on banker bonuses Paris rampage after cash giveaway cancelled: police More Top Stories » Related Full Coverage Obama's PresidencyWhat change will Obama bring? Will it affect the rest of us globally? All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Paris rampage after cash giveaway cancelled: police Obama vows 'serious' bid to cut US deficit British PM vows law to crackdown on banker bonuses All Blacks defeat competitive Italian rugby team Madoff's spoils go under the hammer More Most Viewed » Somali centenarian weds 17-year-old Fibre may keep asthma, diabetes at bay, study finds More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 15 November 2009
Opposition: Iran Rulers more brutal than shah
France, Brazil unveil policy for climate conference: Sarkozy
Iran artists in tug of war with government
All Blacks defeat competitive Italian rugby team
Iran student gets 8 yrs over post-election protests
Opel turnaround 'would cost GM twice as much'
Turkey ready 'to store Iran's uranium'
Hamas makes U-turn over Palestinian national day | International |
Brazil to offer carbon cut of 36% at UN climate meet
ETA's political arm calls for peace talks in Spain | International |
India says six rebels killed on Kashmir border | International |
Ethiopia's ONLF rebels say captured seven towns | International |
Suicide car bomb 'kills 11' in NW Pakistan
Govt: Medicare paid $47 billion in suspect claims
India says six rebels killed on Kashmir border
Obama joins APEC leaders for dress-up dinner
THE INFLUENCE GAME: Abortion rights groups rebound
WHITE HOUSE NOTEBOOK: Personal politics
Suicide bomber kills 10 in Pakistan's Peshawar
Fire at indoor SKorean shooting range kills 10
FBI digs into backyard of Ohio home with 11 bodies
2 US soldiers killed in Afghanistan explosions
South Koreans protest Afghan troop dispatch
Suicide attack kills 10 at NW Pakistan checkpoint
Boatload of Afghans detained in eastern Indonesia
Obama urges Congress to put off Fort Hood probe
Obama boosts hopes for free trade in Asia-Pacific
India inflation gains pace
Lebanon tourism up 43% in 2009
Bees provide pain relief in beleaguered Gaza
Broadcast pioneer NBC prepares for cable takeover
US: Iraq needs to do more to help refugees return
British PM vows law to crackdown on banker bonuses
Underwater robot probes depths for Istanbul quake clues
Suicide bomber kills 10 in Pakistan's Peshawar | International |
Paris rampage after cash giveaway cancelled: police
Defiant Mousavi repeats call for new Iran election
Bill Clinton urges Mideast foes to end conflict
Colombia moves to calm tensions with Venezuela | International |
Slovenia signs up to Russia-Europe gas pipeline
Ousted Honduran leader says won't negotiate return | International |
Peru's Garcia bails out of APEC summit over spy case | International |
Fire in South Korea shooting range kills 10 | International |
Mother of missing 5-year-old NC girl charged
Malaysian newspaper for Indians gets gov't warning
Man is zapped with stun gun at mom's NY home, dies
White House source: Gitmo inmates could go to IL
SKorea investigates cause of shooting range fire
Weather forecast for the Asia-Pacific region
Militants attack anti-Taliban mayor in Pakistan
Pa. swim club accused of bias to file bankruptcy
Mourners grieve for soldiers killed at Fort Hood
Fabled Foreign Legion finds a new war to fight
1 killed as plane crashes in suburb east of LA
Medical Helicopter Crash Leaves Three Dead Near Reno
No bars, no mistresses, Chinese officials warned
Obama: 'Unshakeable' Commitment To Security Of Asia, 'Different Future' For North Korea
Asia-Pacific leaders face trade, climate headwinds
3 dead in medical helicopter crash north of Reno
Kim on target with Bond programme at Skate America
Civil rights groups protest at Taos hotel
Crusading Calif. D.A. retires, leaves painful wake
Obama meets friends, foes in Southeast Asia summit
Fire in South Korea shooting range kills 10
GE to set up China aviation joint venture: statement
Obama under fire on trade as Asia-Pacific leaders meet
Bali resort grapples with mounting rabies epidemic
Joan Baez, Lou Reed serenade revolution hero Havel
Mock funeral for Venice's dwindling population
Palin's memoirs triggers a boomlet of other books
Palestinians to seek UN endorsement of statehood
Obama meets Myanmar PM, calls for Suu Kyi's release | International |
Internet supermarket booms in bad times
Obama presses Iran on atomic deal, Tehran defiant
Obama presses Iran on atomic deal, Tehran defiant | International |
Obama vows 'serious' bid to cut US deficit
Madoff's spoils go under the hammer
Trial of British contractor in Iraq postponed
Kosovo's statehood faces first test at local polls | International |
Commercial real estate woes imperil US recovery
Iran's parliament approves last three ministers | International |
Obama says time running out for Iran on nuclear deal
German minister 'shot at' during Afghan visit
Philippine '10 net FDI flows seen $1.7 bln: sources | International |
Sarkozy offers to host Mideast peace talks: report
Thousands gather to honour German soccer star | International |
UK to apologize for sending to children to Canada and Australia | International |
Reports: NKorea briefly activates missile radar
Pakistan: Militants attack 2 anti-Taliban figures
Dalai Lama was a slave master, China tells Obama
US, Russia see deal on missile cuts by year-end
Afghan forces get 2 C-27 military support planes
Obama meets Myanmar PM, calls for Suu Kyi's release
Thai protesters denounce Thaksin's royal remarks
Iran condemns US mosque seizure
SKorea investigates cause of shooting range fire
US, Russia warn Iran on nuclear crisis
Obama tells Myanmar junta to free Suu Kyi
Jet hits birds, forced to turn back to Missouri
Clinton: Would look forward to coffee with Palin
Indonesia detains 41 more Afghan migrants
Illinois Prison Could House Gitmo Detainees
Three Americans Killed In Afghanistan IED Attacks
WHITE HOUSE NOTEBOOK: Nailing the funny shirt pic
White Powder Scare Briefly Shuts Down Ellis Island
Pacquiao pummels Cotto to win WBO welterweight crown
NY Man Dies After Police Use Taser To Subdue Him
Illinois prison mulled for Guantanamo inmates: report
Franchise Sues Burger King Over $1 Double Cheeseburger
Sands looks to restart Macau casino work next year
China: Low US interest rates threaten recovery
Honda to downsize Spanish factory: report
China bank regulator: US dollar's decline adding risk
Indonesia says S.Lanka refugees can stay for 3 months
Sri Lanka's African slave families fade away
Rihanna in combative mood for new album
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01