Obama Heads to G20 With US Fiscal Woes in Tow

 　　As President Barack Obama welcomes this week's European debt-relief agreement, the White House says he will go to the G20 summit in France able to point to some progress in fixing the U.S. fiscal¹ situation.

　　In reacting to the European deal, Obama said the U.S. looks forward to its "full development and rapid implementation²" as Europe and the U.S. work together to sustain recovery and put people back to work.

　　At a press briefing, White House Press Secretary Jay Carney was asked if Obama's difficulties working with Republicans would undermine his authority to lecture European leaders or press them about the speed with which their deal moves forward.

　　Carney acknowledged "gridlock" with Republicans on the president's $447 billion jobs bill, and concerns about the ability of a bipartisan congressional committee to achieve a target of at least $1.2 trillion in additional spending cuts.

　　But Carney said the president will be able to tell G20 leaders that he continues to push Congress to act.

　　"The president's message to the Europeans and broadly to all the members of the G20 is that we need to work individually as countries and collectively together to ensure that we sustain and continue the global economic recovery and to put our people broadly speaking back to work," he said.

　　Negotiations³ in the congressional "supercommittee" are intensifying⁴ as a November 23rd deadline approaches for the 12-member panel to submit recommendations.

　　Obama has called for spending cuts even deeper than the $1.2 trillion target, but says they must deal in a balanced way with long-term deficit⁵ and debt and not harm the middle class.

　　However, the White House and Republicans continue to disagree on the question of taxes and the president's call for wealthier Americans to pay more to support deficit-reduction measures.

　　On Capitol Hill, Republican House Speaker John Boehner reacted to a Democratic proposal for $1.3 trillion in revenue.

　　"I don't think it's a reasonable number," said the speaker.

　　But Carney insisted that revenues must be part of any final deal.

　　"What isn't the right answer is to rule out entirely⁶, to take off the table, revenues," said Carney.

　　House Democratic leader Nancy Pelosi addressed the importance that decisions made in Washington have for global economic confidence.

　　"The world is not waiting," Pelosi said. "The world is watching to see what we do, but events will overtake us if we do not play our leadership role in the world."

　　Prior summits

　　At previous G20 and G8 summits, Obama has been able to cite financial system reforms enacted⁷ under his administration to demonstrate to other world leaders that the U.S. is working to stabilize⁸ its fiscal situation.

　　However, next week's summit will take place amid ongoing⁹ "Occupy Wall Street" demonstrations¹⁰ across the United States, in which people are protesting high unemployment, economic inequalities, and what they call corporate¹¹ greed.

　　The president spoke¹² about the protests, which have drawn¹³ attention overseas.

　　"The protesters are giving voice to a more broad-based frustration¹⁴ about how our financial system works," he said during his press conference on October 6th.

　　As he awaits the upcoming deficit-reduction decision by the supercommittee, Obama also continues to press lawmakers on legislation he says would create 1.9 million jobs.

　　Earlier this month, his American Jobs Act failed to obtain the 60 votes needed for passage in the Senate, with all Republicans voting against it. Congress earlier did approve free-trade agreements the president says will help the economy.

　　Facing continuing Republican opposition¹⁵ to his overall economic policies, Obama has resorted to executive orders not requiring congressional approval, to offer Americans financial relief, in areas such as mortgage refinancing and college loans.

　　Though the president got some good news about the economy -- third quarter economic growth of 2.5 percent -- Carney said this was "absolutely not good enough" to significantly effect employment.

1 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。

2 implementation   

n.实施，贯彻

参考例句：

• Implementation of the program is now well underway.这一项目的实施现在行情看好。

3 negotiations   

协商( negotiation的名词复数 )； 谈判； 完成（难事）； 通过

参考例句：

• negotiations for a durable peace 为持久和平而进行的谈判
• Negotiations have failed to establish any middle ground. 谈判未能达成任何妥协。

4 intensifying   

v.（使）增强， （使）加剧( intensify的现在分词 )；增辉

参考例句：

• The allies are intensifying their air campaign. 联军部队正加大他们的空战强度。 来自辞典例句
• The rest of the European powers were in a state of intensifying congestion. 其余的欧洲强国则处于越来越拥挤的状态。 来自英汉非文学 - 历史

5 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。

6 entirely   

ad.全部地，完整地；完全地，彻底地

参考例句：

• The fire was entirely caused by their neglect of duty. 那场火灾完全是由于他们失职而引起的。
• His life was entirely given up to the educational work. 他的一生统统献给了教育工作。

7 enacted   

制定（法律），通过（法案）( enact的过去式和过去分词 )

参考例句：

• legislation enacted by parliament 由议会通过的法律
• Outside in the little lobby another scene was begin enacted. 外面的小休息室里又是另一番景象。 来自英汉文学 - 嘉莉妹妹

8 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。

9 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

10 demonstrations   

证明( demonstration的名词复数 )； 表明； 表达； 游行示威

参考例句：

• Lectures will be interspersed with practical demonstrations. 讲课中将不时插入实际示范。
• The new military government has banned strikes and demonstrations. 新的军人政府禁止罢工和示威活动。

11 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

12 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。

13 drawn   

v.拖，拉，拔出；adj.憔悴的，紧张的

参考例句：

• All the characters in the story are drawn from life.故事中的所有人物都取材于生活。
• Her gaze was drawn irresistibly to the scene outside.她的目光禁不住被外面的风景所吸引。

14 frustration   

n.挫折，失败，失效，落空

参考例句：

• He had to fight back tears of frustration.他不得不强忍住失意的泪水。
• He beat his hands on the steering wheel in frustration.他沮丧地用手打了几下方向盘。

15 opposition   

n.反对，敌对

参考例句：

• The party leader is facing opposition in his own backyard.该党领袖在自己的党內遇到了反对。
• The police tried to break down the prisoner's opposition.警察设法制住了那个囚犯的反抗。