GEITHNER: DEBT DEAL A GOOD RESULT

tvnportal
1.4K
5 views
  • About
  • Export
  • Add to
STORY: GEITHNER: DEBT DEAL A GOOD RESULTDATELINE: Aug 4, 2011LENGTH: 0:01:44LOCATION: Washington INTROU.S. Treasury Secretary Timothy Geithner has said the debt agreement signed into law on Tuesday marks a significant move toward restoring fiscal responsibility for the country.After months of political wrangling, U.S. lawmakers have managed to pass legislation that raises the debt ceiling and cuts spending, bringing U.S. back from the brink of an unprecedented default.World News reports.PKGThe U.S. Treasury Secretary Timothy Geithner wrote in the Washington Post on Wednesday that the "agreement is the beginning of restoring fiscal sustainability."He said that the U.S. government's ability to make smart, long-term budget choices has long been broken, and it's now time to fix it.Geithner has described the process leading to the compromise as "terrible ", but said it turned out a good result.His remarks came a day after U.S. President Barack Obama signed a bill to raise the nation's debt Powered by www.newslook.com Producer : Xinhua News Agency

0 comments