US growth may slow due to cuts
By Paul Taylor |
March 10, 2011, Thursday
|
Print Edition
Print Edition
PUBLIC spending cuts forced by Congress would be a serious brake on United States economic growth, hitting jobs and demand, billionaire investor George Soros said yesterday.
He said the budget standoff between President Barack Obama's Democratic administration and the -Republican-controlled House of Representatives would force severe cuts in public services.
"While currently the US economy is improving, that is going to be a serious brake on that in terms of employment and effective demand," he said. "So I am a little bit less optimistic for the US economy than most people are currently."
Lawmakers crafted another stopgap spending bill in the House of Representatives on Tuesday to keep the government running, while the Senate was set to vote yesterday on two longer-term measures that appeared doomed to failure.
He said the budget standoff between President Barack Obama's Democratic administration and the -Republican-controlled House of Representatives would force severe cuts in public services.
"While currently the US economy is improving, that is going to be a serious brake on that in terms of employment and effective demand," he said. "So I am a little bit less optimistic for the US economy than most people are currently."
Lawmakers crafted another stopgap spending bill in the House of Representatives on Tuesday to keep the government running, while the Senate was set to vote yesterday on two longer-term measures that appeared doomed to failure.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
