InfoAnda - Obama urges control of mushrooming deficits

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

Sculpting the legacy of India's 'Dalit Queen' | 3 November 2009
Sri Lanka pushes for rebel town; 2 rebels killed | 25 November 2008
RIM says no access to corporate email in India | | 27 January 2011

Beatles set to dominate UK charts once again | Entertainment | | 11 September 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Obama urges control of mushrooming deficits

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Obama urges control of mushrooming deficits AFP - Sunday, February 22 WASHINGTON (AFP) - - After launching an unprecedented spending program in a bid to forestall a meltdown of the US economy, US President Barack Obama vowed Saturday to put an equal effort into tackling the nation's trillion dollar deficits. ADVERTISEMENT In his weekly radio address, Obama said that he and his administration were determined to do "all we can to get exploding deficits under control as our economy begins to recover." According to the Congressional Budget Office, the provisional US budget deficit in fiscal 2009 will balloon to a record 1.2 trillion dollars. The deficit for fiscal 2008 which ended in September reached 438 billion dollars, or 3.1 percent of the nation's gross domestic product, the office said in a report last month. However, the figures do not include the cost of a huge 787-billion-dollar economic stimulus plan signed by Obama into law last Tuesday. Roughly one-third of the stimulus funds will be spent on tax cuts, totalling 286 billion dollars, in an effort to boost consumer spending, a key engine of the world's largest economy. But a further 120 billion dollars is being allocated to "shovel-ready" infrastructure projects, in such sectors as transportation, road-building, improving the power grid and renewable energy installations. Leading Republicans and other critics said the mammoth spending plan was mortgaging the nation's future, for which America's "children and grandchildren will pay a hefty price." But Obama said he was now determined to put spending under control, saying that work on the deficit will begin on Monday, when he will convene a fiscal summit of independent experts, unions, advocacy groups and members of Congress to discuss how the trillion-dollar deficit could be cut. He promised to further tackle the issue in Tuesday's address to the nation, in which he planned to outline urgent national priorities On Thursday, the White House releases a budget blueprint, which Obama said is "sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don't, and restoring fiscal discipline." Obama used his radio address to again showcase his recovery plan, saying that because of it, "three and a half million Americans will now go to work doing the work that America needs done." He announced that, starting this Saturday, employers will begin reducing taxes for 95 percent of working American families as mandated by the stimulus package. By April, the average American family will begin to keep an additional 65 dollars each month. "Never before in our history has a tax cut taken effect faster or gone to so many hard-working Americans," Obama said. But the president acknowledged that signing the stimulus plan into law was only a first step on the road to economic recovery. He said a complete recovery will require stemming the spread of real estate foreclosures and falling home values, stabilizing and repairing the banking system in order to restore the flow of credit to families and businesses and reforming the broken regulatory system that made the crisis possible. According to Obama, the economy will not be able to generate sustained growth without getting deficits under control. He argued that the country's economic problems cannot be address on a piecemeal basis, but rather as a whole, in all of their complexity. "None of this will be easy," he cautioned. "The road ahead will be long and full of hazards. But I'm confident that we, as a people, have the strength and wisdom to carry out this strategy and overcome this crisis." Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: World Madagascar rivals meet, to tone down confrontationAFP - 1 hour 1 minute ago Priest who aided lepers in Hawaii to become saintAP - 1 hour 15 minutes ago Sri Lanka rebels say suicide air raids successfulReuters - 1 hour 21 minutes ago Iraqi Kurdish politician wants rights protectedAP - 1 hour 23 minutes ago Obama turns to budget, health care, entitlementsAP - 1 hour 24 minutes ago Enlarge Photo A constuction work sign is seen during a repaving project by the Florida Department of Transportation. After launching an unprecedented spending program aimed at forestalling a meltdown of the US economy, US President Barack Obama has vowed to put an equal effort into tackling trillion dollar deficits facing the nation. Related Photos Slideshow US elections 2008 Most Popular – World Viewed Huge gamma-ray blast spotted in space Seductive chemicals hidden in sloppy kisses Malaria: Spoonful of sugar could save thousands of children Bank fears drag down world markets Stroke deaths soar in poorer nations, drop in rich: study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Saturday, 21 February 2009
Tamil Tiger aircraft attack Sri Lanka capital | International |
U.S. secures Afghan supply route | International |
Mexico tests remains for U.S. anti-kidnap expert | International |
Rights may take second place on Clinton China visit | International |
Latvian ruling coalition falls, PM resigns | International |
Mugabe turns 85 with challenge in party, unity government | International |
Court finds California video game law unconstitutional | Technology |
U.S. lawmaker to push repeal of online gambling ban | Technology |
Cable providers eye offering TV shows online: report | Technology |
Ill, disabled Aussie kids get first online network | Technology |
Recession Keeps Less Planes Flying, Making U.S. Neighborhoods Quieter
School Board In Florida Sets Homework Guidelines
China Internet users asked to probe custody death | Technology |
Update: Obama Thanks Mayors For Their Work; Says Stimulus Must Be Spent With Accountability
Amnesty International Asks Clinton To Retract Statement, Declare Human Rights Crucial To Chinese Relations
Democratic Congressmen Decry Hostilities During 'Unsanctioned' Trip To Gaza
Business Opportunities For Women, Minorities May Open If Chicago Wins 2016 Olympic Hosting Bid
Bill Clinton Gives Obama A Grade For First Month In Office
Cost Of Solar Installation Continues Drop
Picture of bruised Rihanna sparks police probe | Entertainment |
Leonard Cohen plays first U.S. concert in 15 years | Entertainment |
Actors and studios end contract talks, hit new snag | Entertainment |
Three foreign troops killed in Afghanistan
China and U.S. can lead world to recovery: Clinton | International |
20 nations offer to boost Afghan contributions: US
"Lethal Weapon" Screenwriter Sued By Ex-Girlfriend Of Assault
Netanyahu urges moderates to join broad government
Israel says rocket from Lebanon wounds woman | International |
'King of Pop' eyes concert comeback in London: reports
U.S. secures Afghan supply route | International |
Netanyahu asked to form Israel's next government
Alleged fraudster's Antigua bank closes
Rwandan army to start Congo withdrawal | International |
Paintings of "Polish Kafka" revealed in Israel
US gov't moves to dispel bank nationalization rumors
Iran understates uranium stocks to IAEA: diplomats | International |
Diplomats claim Iran understates uranium stocks to IAEA
Swiss court blocks bank data sharing with US: report
Australian author freed after Thai royal pardon | International |
Stroke deaths soar in poorer nations, drop in rich: study
Survey shows most Japanese want PM to quit | International |
Eurovision Song Contest beloved and belittled
EU auto sector drives into protectionism row
U.S. set to refurbish planes for Taiwan | International |
US annual inflation wiped out, deflation looms
Cancan dancers, Lord of Misrule open Rio Carnival | International |
Bank fears drag down world markets
Clinton in China pushes environment, finance
Clinton calls for deeper US-China partnership
Guantanamo in line with Geneva rules: official
US, allies 'can't delay' Iran worries: White House
Schwarzenegger Signs $130 Billion California Budget
San Francisco Highway Crash Kills 6
US protesters slam weak apology for monkey cartoon
Venezuela bans travel for Stanford bank execs
U.S. Soldier Convicted For Executing Iraqi Prisoners
US-TECH Summary
Group Counters Stimulus Plan With TV Ad Featuring Jesus
US military deaths in Afghanistan region at 581
Digital music services flunk college test
U.S. Concerned As Iran Expands Military Ties With Russia
Apple's Woz waltzes back into the spotlight | Technology |
US received Hamas letter for Obama: State Dept
Apple's Woz waltzes back into the spotlight
Feb 20 Highlights Of Low Points In U.S. Economy
Digital music services flunk college test | Technology |
US to prod Syrian envoy on terrorism, nukes
Appeals Court: Sale, Rental Of Violent Video Games To Minors Unconstitutional
Google shoots down 'Atlantis' pictures
White House says world can't delay on Iran
Small Business Administration Warns Of Scam Letter
California's video game law ruled unconstitutional
Price Of Consumer Goods Rose In January
U.S. lawmaker to push repeal of online gambling ban
Wall Street Rallies Late, But Still Closes Lower
EU's eastern nations fear western protectionism
Cable providers eye offering TV shows online: report
Britain asked to wait on Qatada deportation
China Internet users asked to probe custody death
Nigeria to clamp down on e-waste imports
Sri Lanka rebels call airstrike succes
Japan's Ishikawa misses PGA cut but gains respect at Riviera
Malaysian politician accused of giving away beef
Oscar nods shine spotlight on short films | Entertainment |
Obama broadens US targets in Pakistan: report
Slumdog kids to walk Oscar red carpet | Entertainment |
Clinton in China pushes environment, finance
No sign of recession at pre-Oscar gift suites | Entertainment |
"Slumdog" kids to walk Oscar red carpet
Clinton believes China and U.S. can lead world to recovery
Iran Praises Military Ties With Russia
Pirate abduction in Malacca Strait after long lull
Hollywood actors, producers talks end without deal
Project Runway show features phantom finalists | Entertainment |
Sri Lanka calls Tiger raid desperate bid to delay defeat
Piracy sinking Lebanon cinema, music, cable industry
Rebel planes raid Sri Lanka capital
Japan's Sharp to make LCD panels in China: report
Australian police probe Japanese whaling claims
Mutual funds investing in China
Prudential to take 9.9% stake in China Life
Conan says bye to New York with some old friends
Galicia's abandoned villages get new lives
China's tax revenue growth slows in 2008: govt
'Slumdog Millionaire,' Ledger lead Oscars betting
Rihanna won't discuss Chris Brown, but thanks fans
Vienna, one of the spy capitals of the world
San Francisco man faces fallout from `Wife Swap'
Attorney: Peter Falk's care is adequate
No sign of recession at pre-Oscar gift suites
'Slumdog' kids get ready for a trip to the Oscars
Indonesia president hopeful unrepentant on rights abuse
"Slumdog" kids to walk Oscar red carpet
Iraq's Abu Ghraib prison renamed and reopens
Violence flares on Israel-Lebanon border
Iraqi Kurdish politician wants rights protected
With new name and fresh paint, Abu Ghraib reopens
2 rockets fired from Lebanon towards Israel
Rocket from Lebanon wounds three Israelis: medics
Sudan says 28 killed in clashes with Darfur rebels
US, China to join forces on economy, climate change
Clinton in China to push climate, finance
US Senator Kerry meets Assad in Syria
Syria, US explore improving ties as Kerry visits
Obama urges control of mushrooming deficits
Iran offered to end Iraq attacks for nuke deal: BBC
Report: Edward Kennedy May Be Too Ill To Serve In Senate; Wife May Succeed Him
Louisiana Governor Rejects Some Stimulus Funds
Analysis: Even military split over Iraq pullout
Arrest Near In Chandra Levy Murder Case In DC
Spain denies arrest of top ETA leader
Seoul singer breaks world marathon singing record
Mum of kidnapped UN official pleads for help
Pakistan: Mother of captive American issues appeal
'Drunken antics' cost Japan minister his job: reports
Thailand arrests alleged people smuggler
India adds record 15.41 mobile million users in January
Statuettes topple at Saint Laurent art show
US, China to join forces on economy, climate change
Pakistan Taliban agree "permanent ceasefire" in Swat
'King of Pop' eyes London comeback concerts
Asian finance ministers in Thailand to discuss global crisis
Philippines: Fugitive arrested in lottery outlet
'Slumdog Millionaire' poised for Oscars glory
Tokyo Electric to build solar plant in California: report
China tries to silence dissidents for Clinton visit
Rio embarrassed by surge in Carnival crime against tourists
Pakistani cenbank sells 24 bln rupees of T-bills
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		BlogMeter 1.01