Tags: White House | S&P | Underestimates | US | Ability

White House: S&P Underestimates US Ability

Monday, 18 Apr 2011 10:15 AM

The United States is prepared to take the steps needed to reduce its ballooning budget deficits and both political parties agree now is the time to act, a top Obama administration official said Monday.

"We believe S&P's negative outlook underestimates the ability of America's leaders to come together to address the difficult fiscal challenges facing the nation," said Mary Miller, Assistant Treasury Secretary for Financial Markets.

Standard & Poor's on Monday downgraded the outlook for the United States to negative, saying it believes there's a risk U.S. policymakers may not reach agreement on how to address the country's long-term fiscal pressures.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Headline
The United States is prepared to take the steps needed to reduce its ballooning budget deficits and both political parties agree now is the time to act, a top Obama administration official said Monday. We believe S P's negative outlook underestimates the ability of...
White House,S&P,Underestimates,US,Ability
101
2011-15-18
Monday, 18 Apr 2011 10:15 AM
Newsmax Inc.
 

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
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved