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(单词翻译:双击或拖选)
This is the VOA Special English Economics Report.
President-elect Barack Obama named the top members of his economic team in a series of announcements this week in Chicago, Illinois. His nominee1 for secretary of the Treasury2 is Tim Geithner, president of the Federal Reserve Bank of New York for the past five years. Mister Geithner has been working to rescue companies affected3 by the financial crisis. He has also worked as undersecretary of the Treasury Department for international affairs.
Barack Obama with two members of his team, Tim Geithner and Christina Romer
The top economic adviser4 in the White House will be Larry Summers. He was President Clinton's last Treasury secretary, at the same time that Tim Geithner was undersecretary. The former Harvard University president will lead the National Economic Council. That position does not require Senate approval.
But confirmation5 is required for the director of the Council of Economic Advisers6. Mister Obama's choice to lead that group is Christina Romer. She is an economist7 and economic historian at the University of California, Berkeley.
The nominee to lead the Office of Management and Budget in the White House is Peter Orszag, until now the director of the Congressional Budget Office.
And Mister Obama announced the creation of a President's Economic Recovery Advisory8 Board. Paul Volcker will lead the new board. He was Federal Reserve chairman during most of the nineteen eighties.
The president-elect is working with Democratic leaders in Congress on an economic recovery plan. Spending and tax cuts might cost five hundred billion dollars or more. But Mister Obama says: "We are facing an economic crisis of historic proportions."
The goal for the stimulus9 plan is to save or create two and one-half million jobs over a period of two years. Congressional leaders hope to have the plan ready for the new president to sign shortly after he takes office on January twentieth.
The government has already promised trillions of dollars in loans, guarantees and investments to rescue the economy. At the same time, Barack Obama says the government must cut wasteful10 spending from the three trillion dollar federal budget. As he promised during the campaign, he said he will direct his new budget team to go through the budget page by page and line by line.
And that's the VOA Special English Economics Report. For the latest developments in the financial crisis, go to voaspecialenglish.com. I'm Steve Ember.
1 nominee | |
n.被提名者;被任命者;被推荐者 | |
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2 treasury | |
n.宝库;国库,金库;文库 | |
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3 affected | |
adj.不自然的,假装的 | |
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4 adviser | |
n.劝告者,顾问 | |
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5 confirmation | |
n.证实,确认,批准 | |
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6 advisers | |
顾问,劝告者( adviser的名词复数 ); (指导大学新生学科问题等的)指导教授 | |
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7 economist | |
n.经济学家,经济专家,节俭的人 | |
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8 advisory | |
adj.劝告的,忠告的,顾问的,提供咨询 | |
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9 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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10 wasteful | |
adj.(造成)浪费的,挥霍的 | |
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