Saying that he hoped the decision by Standard & Poor’s to downgrade the country’s rating “will provide a renewed sense of urgency,’’ President Obama said today the nation can solve its economic difficulties.
During remarks at the White House he said the country’s deficit problems were “eminently solvable.” And that it is not a lack of plans or policies that’s the problem, it’s a lack of political will.”
Obama, who said the United States will always be a AAA country,’’ was responding to Standard and Poor's decision to downgrade U.S. debt from AAA to AA+.
A House-Senate committee will make additional recommendations by November, aimed at cutting spending by $1.5 trillion over 10 years
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
