VOA标准英语2013--White House Chief of Staff Lew Expected to Take Over Treasury

 

White House Chief of Staff Lew Expected to Take Over Treasury¹

Jack² Lew began his career as a legislative³ aide in 1973 and later held key budget positions with Presidents Obama and Clinton.

He also worked as an investment banker.

Lew has a reputation as a tough negotiator with a keen understanding of the details of the immense U.S. budget.

That reputation is likely to be tested in the coming months, as Congress and the White House battle over the federal budget and a rapidly expanding debt.

Four years ago, when U.S. central bank official Timothy Geithner was sworn in as Treasury Secretary, unemployment was rising and the stock and housing markets were in danger of collapse⁴.

Geithner helped the departing Bush administration and the new Obama administration use $700 billion dollars to prop⁵ up tottering⁶ financial firms in a bid to reassure⁷ investors⁸, businesses and consumers.

Despite much criticism, economist⁹ Desmond Lachman of the American Enterprise Institute says the program worked.

"The country was facing a huge crisis, many people thought we could quite easily tip into a depression, he managed to stabilize¹⁰ that situation," Lachman said.

But Lachman and other critics say Geithner did too little to improve the day-to-day growth of the economy.

"He favored Wall Street on far too many occasions at the expense of Main Street," Lachman said.

Sarah Anderson at the Institute for Policy Studies hopes for a new approach at the Treasury Department. 

"Three things to look for in the next Treasury Secretary: Are they going to be more aggressive in reining¹¹ in Wall Street? Are they going to do more to help homeowners facing foreclosure? And are they going to be a deficit¹² hawk¹³ or are they going to try to get our economy back on its feet before they address the deficit?," Anderson said.

The coming two months will be a test for Lew, as the battle over the budget deficit heats up in Congress. Although stock markets, housing and the banking¹⁴ industry have stabilized¹⁵, economists¹⁶ warn the US economy remains¹⁷ fragile. Without a budget deal in Congress, many say the US recovery could stall. 

1 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

2 jack   

n.插座，千斤顶，男人；v.抬起，提醒，扛举；n.（Jake）杰克

参考例句：

• I am looking for the headphone jack.我正在找寻头戴式耳机插孔。
• He lifted the car with a jack to change the flat tyre.他用千斤顶把车顶起来换下瘪轮胎。

3 legislative   

n.立法机构，立法权；adj.立法的，有立法权的

参考例句：

• Congress is the legislative branch of the U.S. government.国会是美国政府的立法部门。
• Today's hearing was just the first step in the legislative process.今天的听证会只是展开立法程序的第一步。

4 collapse   

vi.累倒；昏倒；倒塌；塌陷

参考例句：

• The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
• The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。

5 prop   

vt.支撑；n.支柱，支撑物；支持者，靠山

参考例句：

• A worker put a prop against the wall of the tunnel to keep it from falling.一名工人用东西支撑住隧道壁好使它不会倒塌。
• The government does not intend to prop up declining industries.政府无意扶持不景气的企业。

6 tottering   

adj.蹒跚的，动摇的v.走得或动得不稳( totter的现在分词 )；踉跄；蹒跚；摇摇欲坠

参考例句：

• the tottering walls of the castle 古城堡摇摇欲坠的墙壁
• With power and to spare we must pursue the tottering foe. 宜将剩勇追穷寇。 来自《现代汉英综合大词典》

7 reassure   

v.使放心，使消除疑虑

参考例句：

• This seemed to reassure him and he continued more confidently.这似乎使他放心一点，于是他更有信心地继续说了下去。
• The airline tried to reassure the customers that the planes were safe.航空公司尽力让乘客相信飞机是安全的。

8 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

9 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

10 stabilize   

vt.（使）稳定，使稳固，使稳定平衡；vi.稳定

参考例句：

• They are eager to stabilize currencies.他们急于稳定货币。
• His blood pressure tended to stabilize.他的血压趋向稳定。

11 reining   

勒缰绳使（马）停步( rein的现在分词 )； 驾驭； 严格控制； 加强管理

参考例句：

• "That's a fine bevy, Ma'm,'said Gerald gallantly, reining his horse alongside the carriage. "太太！好一窝漂亮的云雀呀！" 杰拉尔德殷勤地说，一面让自己的马告近塔尔顿的马车。
• I was a temperamental genius in need of reining in by stabler personalities. 我是个需要由更稳重的人降服住的神经质的天才。

12 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

13 hawk   

n.鹰，骗子；鹰派成员

参考例句：

• The hawk swooped down on the rabbit and killed it.鹰猛地朝兔子扑下来,并把它杀死。
• The hawk snatched the chicken and flew away.老鹰叼了小鸡就飞走了。

14 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

15 stabilized   

v.（使）稳定， （使）稳固( stabilize的过去式和过去分词 )

参考例句：

• The patient's condition stabilized. 患者的病情稳定下来。
• His blood pressure has stabilized. 他的血压已经稳定下来了。 来自《现代英汉综合大词典》

16 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

17 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。