Plans to Raise US Debt Ceiling Mired in Congress

 　　Daunting¹ hurdles² remain for two legislative³ plans to cut U.S. government spending, raise the federal borrowing limit and avert⁴ a national debt crisis experts warn that could stall America’s fragile economic recovery and send financial shock waves around the world.

　　With a deadline to raise the federal debt ceiling less than a week away, the two latest plans, one Republican, the other Democratic, face almost-certain defeat in one or both chambers⁵ of a politically-divided Congress.

　　Senior Republican lawmakers scrambled⁶ Wednesday to rework a plan put forth⁷ by House of Representatives Speaker John Boehner after nonpartisan congressional analysts⁸ said it would fall short on promised spending cuts.  And some members of the conservative and libertarian Tea Party faction⁹ of the Republican caucus¹⁰ vowed¹¹ to vote against the plan or any proposal that would raise the nation's debt ceiling.

　　“I pledge to you that I will not vote for any bill that raises the debt ceiling,” said Republican Representative Paul Brown of Georgia.

　　House Republican leaders are pleading for party unity¹², without which the Boehner plan might be doomed¹³ in the House and leave a Democratic proposal as the only viable¹⁴ alternative.  Both plans call for spending cuts, but the Boehner proposal would raise the debt ceiling in two stages.  The Democratic plan would provide one large-scale increase, preserving federal borrowing authority through next year’s national elections.

　　In the Senate, one of the Republican Party’s senior statesmen, John McCain of Arizona, chided first-term House Republicans who dismiss the consequences of a possible U.S. debt default.

　　“The idea seems to be that if the House GOP [Republicans] refuses to raise the debt ceiling, a default crisis or gradual government shutdown will ensue, and the public will turn en masse against [President] Barack Obama, that the Republican House that failed to raise the debt ceiling would somehow escape all the blame.  The reality is that the debt limit will be raised one way or another.  And the only issue now is, with how much fiscal¹⁵ reform and with what political fallout?,” McCain said.

　　Democrats¹⁶ pounced¹⁷ on Republican dissension over the Boehner plan.

　　“The speaker’s plan is on life support, and it is time for him to pull the plug. The bill remains¹⁸ a nonstarter in the Senate, and the president will never sign it,” said Democratic Senator Charles Schumer of New York.

　　Senate Majority Leader Harry¹⁹ Reid, who crafted the Democratic proposal, said his plan abides²⁰ by Republican demands for no tax increases and deep spending cuts, and is therefore a compromise that deserves bipartisan support.

　　“We have compromised.  The Senate bill was written to take care of the problems Democrats said they had and Republicans said they had,” Reid said.

　　The Reid plan leaves untouched expensive entitlement programs that provide income and health care for retirees, programs many Democrats are reluctant to alter.

　　Republicans say that the Reid plan’s promised spending cuts are an illusion. They note, for example, that it counts projected savings²¹ from U.S. military withdrawals²² in Afghanistan and Iraq, savings that are already included in current budget projections²³.

　　“I remain as committed as ever to resolving this crisis in a way that will allow us to avoid default, without raising taxes, and to cut spending, without budget gimmicks,” said Senate Minority Leader, Republican Mitch McConnell.

　　Even if the federal borrowing limit is extended, it is unclear whether either plan adequately addresses America’s long-term fiscal imbalances.  The U.S. national debt stands at $14.3 trillion.

　　Analysts say that without aggressive measures to slow the growth of that debt, credit ratings agencies will assign a higher risk rating to U.S. Treasury²⁴ bonds, which the federal government sells to investors²⁵ and foreign governments to finance deficit²⁶ spending.  Such a downgrade, they warn, might lead to higher interest rates that could stall America’s fragile economic recovery.

1 daunting   

adj.使人畏缩的

参考例句：

• They were faced with the daunting task of restoring the house.他们面临着修复房子的艰巨任务。
• Starting a new job can be a daunting prospect.开始一项新工作有时会让人望而却步。

2 hurdles   

n.障碍( hurdle的名词复数 )；跳栏；（供人或马跳跃的）栏架；跨栏赛

参考例句：

• In starting a new company, many hurdles must be crossed. 刚开办一个公司时，必须克服许多障碍。 来自《简明英汉词典》
• There are several hurdles to be got over in this project. 在这项工程中有一些困难要克服。 来自辞典例句

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 avert   

v.防止，避免；转移(目光、注意力等)

参考例句：

• He managed to avert suspicion.他设法避嫌。
• I would do what I could to avert it.我会尽力去避免发生这种情况。

5 chambers   

n.房间( chamber的名词复数 )；（议会的）议院；卧室；会议厅

参考例句：

• The body will be removed into one of the cold storage chambers. 尸体将被移到一个冷冻间里。 来自《简明英汉词典》
• Mr Chambers's readable book concentrates on the middle passage: the time Ransome spent in Russia. Chambers先生的这本值得一看的书重点在中间：Ransome在俄国的那几年。 来自互联网

6 scrambled   

v.快速爬行( scramble的过去式和过去分词 )；攀登；争夺；（军事飞机）紧急起飞

参考例句：

• Each scrambled for the football at the football ground. 足球场上你争我夺。 来自《现代汉英综合大词典》
• He scrambled awkwardly to his feet. 他笨拙地爬起身来。 来自《简明英汉词典》

7 forth   

adv.向前；向外，往外

参考例句：

• The wind moved the trees gently back and forth.风吹得树轻轻地来回摇晃。
• He gave forth a series of works in rapid succession.他很快连续发表了一系列的作品。

8 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

9 faction   

n.宗派，小集团；派别；派系斗争

参考例句：

• Faction and self-interest appear to be the norm.派系之争和自私自利看来非常普遍。
• I now understood clearly that I was caught between the king and the Bunam's faction.我现在完全明白自己已陷入困境，在国王与布纳姆集团之间左右为难。

10 caucus   

n.秘密会议；干部会议；v.（参加）干部开会议

参考例句：

• This multi-staged caucus takes several months.这个多级会议常常历时好几个月。
• It kept the Democratic caucus from fragmenting.它也使得民主党的核心小组避免了土崩瓦解的危险。

11 vowed   

起誓，发誓（vow的过去式与过去分词形式）

参考例句：

• He vowed quite solemnly that he would carry out his promise. 他非常庄严地发誓要实现他的诺言。
• I vowed to do more of the cooking myself. 我发誓自己要多动手做饭。

12 unity   

n.团结，联合，统一；和睦，协调

参考例句：

• When we speak of unity,we do not mean unprincipled peace.所谓团结，并非一团和气。
• We must strengthen our unity in the face of powerful enemies.大敌当前，我们必须加强团结。

13 doomed   

命定的

参考例句：

• The court doomed the accused to a long term of imprisonment. 法庭判处被告长期监禁。
• A country ruled by an iron hand is doomed to suffer. 被铁腕人物统治的国家定会遭受不幸的。

14 viable   

adj.可行的，切实可行的，能活下去的

参考例句：

• The scheme is economically viable.这个计划从经济效益来看是可行的。
• The economy of the country is not viable.这个国家经济是难以维持的。

15 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

16 democrats   

n.民主主义者，民主人士( democrat的名词复数 )

参考例句：

• The Democrats held a pep rally on Capitol Hill yesterday. 民主党昨天在国会山召开了竞选誓师大会。
• The democrats organize a filibuster in the senate. 民主党党员组织了阻挠议事。 来自《简明英汉词典》

17 pounced   

v.突然袭击( pounce的过去式和过去分词 )；猛扑；一眼看出；抓住机会（进行抨击）

参考例句：

• As soon as I opened my mouth, the teacher pounced on me. 我一张嘴就被老师抓住呵斥了。 来自《简明英汉词典》
• The police pounced upon the thief. 警察向小偷扑了过去。 来自《现代汉英综合大词典》

18 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。

19 harry   

vt.掠夺，蹂躏，使苦恼

参考例句：

• Today,people feel more hurried and harried.今天，人们感到更加忙碌和苦恼。
• Obama harried business by Healthcare Reform plan.奥巴马用医改掠夺了商界。

20 abides   

容忍( abide的第三人称单数 )； 等候； 逗留； 停留

参考例句：

• He abides by his friends. 他忠于朋友。
• He always abides by the law. 他素来守法。

21 savings   

n.存款，储蓄

参考例句：

• I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
• By this time he had used up all his savings.到这时，他的存款已全部用完。

22 withdrawals   

n.收回，取回，撤回( withdrawal的名词复数 )；撤退，撤走；收回[取回，撤回，撤退，撤走]的实例；推出（组织），提走（存款），戒除毒瘾，对说过的话收回，孤僻

参考例句：

• He has made several withdrawals from his bank account. 他从银行账户上提了几次款。 来自《简明英汉词典》
• It is not the bank's policy to deduct interest on withdrawals. 提款需扣除利息这并非是本银行的政策。 来自辞典例句

23 projections   

预测( projection的名词复数 )； 投影； 投掷； 突起物

参考例句：

• Their sales projections are a total thumbsuck. 他们的销售量预测纯属估计。
• The council has revised its projections of funding requirements upwards. 地方议会调高了对资金需求的预测。

24 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。

25 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

26 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。