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U.S. Treasury1 Secretary to stay through debt talks: White House
WASHINGTON, Nov. 9 (Xinhua) -- U.S. Treasury Secretary Timothy Geithner intended to stay until early next year to help U.S. President Barack Obama ink a deal with Republicans during the looming2 fiscal3 negotiations4, the White House said on Friday.
"Geithner has indicated that he will stay on through inauguration5 and he will be, obviously, a key participant in the negotiations around the so-called fiscal cliff issues," White House spokesman Jay Carney told reporters at a regular press briefing.
Geithner has said he planned to step down if Obama was reelected, after helping6 Obama cope with the worst financial crisis in decades.
Unless U.S. Congress acts by the end of this year, a combination of tax hikes and sweeping7 spending cuts, dubbed8 as the "fiscal cliff" and with the combined amount of about 600 billion U. S. dollars, was set to kick in. Democrats9 and Republicans locked horns over how to reduce the nation's public debt hovering10 at 16.2 trillion dollars and tide over the "fiscal cliff."
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1 treasury | |
n.宝库;国库,金库;文库 | |
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2 looming | |
n.上现蜃景(光通过低层大气发生异常折射形成的一种海市蜃楼)v.隐约出现,阴森地逼近( loom的现在分词 );隐约出现,阴森地逼近 | |
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3 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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4 negotiations | |
协商( negotiation的名词复数 ); 谈判; 完成(难事); 通过 | |
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5 inauguration | |
n.开幕、就职典礼 | |
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6 helping | |
n.食物的一份&adj.帮助人的,辅助的 | |
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7 sweeping | |
adj.范围广大的,一扫无遗的 | |
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8 dubbed | |
v.给…起绰号( dub的过去式和过去分词 );把…称为;配音;复制 | |
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9 democrats | |
n.民主主义者,民主人士( democrat的名词复数 ) | |
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10 hovering | |
鸟( hover的现在分词 ); 靠近(某事物); (人)徘徊; 犹豫 | |
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