VOA慢速英语 2008 0125a

This is the VOA Special English Economics Report.

Last Friday, President Bush called for an economic growth package -- a plan to give a quick shot of energy to the slowing American economy. Now, the administration has an agreement with Democratic and Republican leaders in the House of Representatives.

 
House Speaker Nancy Pelosi of California talks about the proposal. She is with Treasury¹ Secretary Henry Paulson, right, and House Minority Leader John Boehner of Ohio.
President Bush called the one hundred fifty billion dollar deal, reached Thursday, the right set of policies and the right size. He urged Congress to pass it as soon as possible, saying the economy urgently needs action. He said the plan would lead to higher consumer spending and increased business investment this year.

The measures must be approved by the House and the Senate and signed into law by the president.

There are three parts to the plan:

First, it would give money in the form of tax rebates² to middle-class Americans in hopes they will spend it. Individuals could receive up to six hundred dollars. Married couples could get up to twice that.

Families with children would get extra money. Money would also go to millions who do not earn enough to pay taxes.

Secondly³, the plan aims to create jobs through tax breaks for business investment.

And thirdly, it seeks to strengthen the housing market. The plan would raise limits on the size of home loans that can be purchased by mortgage financers Fannie Mae and Freddie Mac. This would lower interest rates on those loans.

House Speaker Nancy Pelosi said the measures are "timely, targeted and temporary" -- the three goals for an economic stimulus⁴ package. She was not totally pleased with the compromise deal but says it will help the economy. If it does not, she added, there will be more to come.

Speaker Pelosi said House leaders will bring the bill for a vote at the earliest date. The Senate, though, may try to expand the package.

Many economists⁵ worry that the world's largest economy will enter or has already entered a recession.

On Tuesday, the Federal Reserve moved to help calm financial markets in the United States, and around the world. The Federal Open Market Committee cut the federal funds rate by seventy-five basis points -- a week before it planned to meet. The move brought the rate that banks charge each other to borrow money overnight to three and one-half percent.

This was the first time the committee has cut rates between meetings since after the September eleventh terrorist attacks in two thousand one. And it may cut rates further when it meets next week.

And that's the VOA Special English Economics Report. I'm Steve Ember.

 

1 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。

2 rebates   

n.退还款( rebate的名词复数 )；回扣；返还（退还的部份货价）；折扣

参考例句：

• The VAT system offers advantages, such as rebates on exports. 增值税有其优点，如对出口商品实行回扣。 来自辞典例句
• In more recent years rate rebates have been introduced for households. 近年地方税的减免已适用于家庭。 来自辞典例句

3 secondly   

adv.第二，其次

参考例句：

• Secondly,use your own head and present your point of view.第二，动脑筋提出自己的见解。
• Secondly it is necessary to define the applied load.其次，需要确定所作用的载荷。

4 stimulus   

n.刺激，刺激物，促进因素，引起兴奋的事物

参考例句：

• Regard each failure as a stimulus to further efforts.把每次失利看成对进一步努力的激励。
• Light is a stimulus to growth in plants.光是促进植物生长的一个因素。

5 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》