NYC Mayor Outlines Plan for Balancing US Budget

Tuesday, 08 Nov 2011 11:16 AM

 

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  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 This material may not be published, broadcast, rewritten or redistributed.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:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Ring Leader of Bell, Calif. Corruption Scheme Gets 12 Years

Thursday, 17 Apr 2014 10:03 AM

The former city manager of Bell, California, who ran a public corruption scheme that bilked the blue-collar community ou . . .

Ohio Out-of-State Gay Marriage Ban in Effect During Appeal

Thursday, 17 Apr 2014 09:57 AM

Ohio's ban on recognizing same-sex marriages from other states will stay in effect until its constitutionality is resolv . . .

GOP Eyes a Sebelius Candidacy to Boosts Its Coffers

Thursday, 17 Apr 2014 06:49 AM

The GOP would relish the chance to exploit a candidacy by outgoing Health and Human Services Secretary Kathleen Sebelius . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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