left corner left corner
China Daily Website

Obama urges Congress to pass budget deal

Updated: 2013-12-11 09:00
( Agencies)

WASHINGTON - US president Barack Obama on Tuesday praised a bipartisan budget deal as a good start and urged the US Congress to quickly pass a budget based on the accord.

"Today's bipartisan budget agreement is a good first step," Obama said in a statement. "I want to call on members of Congress from both parties to take the next step and actually pass a budget based on this agreement so I can sign it into law."

Obama praised elements of the deal, saying the modest rollback of the across-the-board "sequester" spending cuts would ease a drag on economic growth. He called the measure "balanced" because it increases government revenues and includes spending cuts he said would not hurt the economy.

He further gave a nod to long-fueding Democrats and Republicans for coming to terms and avoiding the brinkmanship that led to a government shutdown in October and a near-default in 2011.

"This agreement doesn't include everything I'd like - and I know many Republicans feel the same way," he said. "But it's a good sign that Democrats and Republicans in Congress were able to come together and break the cycle of short-sighted, crisis-driven decision-making to get this done."

8.03K
 
...
 
  • Group a building block for Africa

    An unusually heavy downpour hit Durban for two days before the BRICS summit's debut on African soil, but interest for a better platform for emerging markets were still sparked at the summit.
...
...