NYC Mayor Outlines Plan for Balancing US Budget

Tuesday, 08 Nov 2011 11:16 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

NEW YORK (AP) — New York City Mayor Michael Bloomberg says Congress' deficit-fighting "supercommittee" must take bold action to balance the budget.

In a speech in Washington on Tuesday, Bloomberg said U.S. business leaders won't invest or hire workers until they know how Washington intends to grapple with the deficit. He says business leaders' lack of confidence in Washington is a drag on job creation.

The supercommittee has until Nov. 23 to recommend legislation.

According to the prepared text of his speech to the Center for American Progress, Bloomberg says Democrats and Republicans on the committee have to be willing to give on something.

He says Democrats must accept cuts in health care and Social Security, while Republicans should allow George W. Bush's tax cuts to expire at the end of 2012.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Charlie Rangel: GOP Believes 'Slavery Isn't Over'

Thursday, 30 Oct 2014 23:09 PM

Rep. Charlie Rangel on Thursday likened Republicans to Confederates from the Civil War era, charging that they "believe  . . .

New York Archdiocese to Reorganize, Merge Parishes

Thursday, 30 Oct 2014 22:51 PM

The Roman Catholic Archdiocese of New York will merge more than 50 parishes because of lower attendance and rising expen . . .

Michelle Bachmann: World Sees US Has No Plan to Fight Terrorism

Thursday, 30 Oct 2014 21:56 PM

The world has no confidence in U.S. leadership because they don't know what our plans to fight terrorism are, Rep. Miche . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved