VOA标准英语2013--Fed Chief Warns of Economic Headwinds From Budget Stalemate

 

Fed Chief Warns of Economic Headwinds From Budget Stalemate

With no progress in Washington to avoid looming¹ spending cuts, Federal Reserve Chairman Ben Bernanke warned lawmakers that inaction would sharply slow U.S. economic growth.

"Moreover, besides having adverse² effects on jobs and incomes, a slower recovery would lead to less actual deficit³ reduction in the short run," said Bernanke.

Despite the high stakes, the action from Washington has been mostly - finger pointing.

Republican House Speaker John Boehner says it's time for the president and the Democratically controlled Senate to take the lead.

"The House has acted twice. We shouldn't have to act a third time before the Senate begins to do their work," said Boehner.

The automatic spending cuts, roughly three percent of the federal budget, would slash⁴ defense⁵ spending and affect government services from border security to meat inspections⁶.

The White House wants a more balanced approach that includes cuts and higher taxes.

But as it stands, President Barack Obama calls the sequester⁷ arbitrary and irresponsible.

"These cuts do not have to happen," said President Obama. "Congress can turn them off anytime with just a little bit of compromise.'

Republicans say the president is grandstanding.

Louisiana Governor Bobby Jindal accused Obama of fear-mongering.

"The president needs to stop trying to scare the American people that, absolutely, you can cut less than three percent without all these awful consequences - without people losing access to critical vaccines⁸, without people, without us jeopardizing⁹ food inspections," said Jindal.

But economist¹⁰ William Gale¹¹ says Republicans' insistence¹² on across the board spending cuts ignores economic reality.

"We should be talking about boosting the economy, boosting spending, not cutting spending right now," said Gale.

Reports suggest Republicans may be willing to modify the sequester to give the administration discretion¹³ in deciding which programs to cut. Analysts¹⁴ say such a move would give Republicans political cover but place responsibility for the economic impact squarely on the president. 

1 looming   

n.上现蜃景（光通过低层大气发生异常折射形成的一种海市蜃楼）v.隐约出现，阴森地逼近( loom的现在分词 )；隐约出现，阴森地逼近

参考例句：

• The foothills were looming ahead through the haze. 丘陵地带透过薄雾朦胧地出现在眼前。 来自《简明英汉词典》
• Then they looked up. Looming above them was Mount Proteome. 接着他们往上看，在其上隐约看到的是蛋白质组山。 来自英汉非文学 - 生命科学 - 回顾与展望

2 adverse   

adj.不利的；有害的；敌对的，不友好的

参考例句：

• He is adverse to going abroad.他反对出国。
• The improper use of medicine could lead to severe adverse reactions.用药不当会产生严重的不良反应。

3 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。

4 slash   

vi.大幅度削减；vt.猛砍，尖锐抨击，大幅减少；n.猛砍，斜线，长切口，衣衩

参考例句：

• The shop plans to slash fur prices after Spring Festival.该店计划在春节之后把皮货降价。
• Don't slash your horse in that cruel way.不要那样残忍地鞭打你的马。

5 defense   

n.防御，保卫；[pl.]防务工事；辩护，答辩

参考例句：

• The accused has the right to defense.被告人有权获得辩护。
• The war has impacted the area with military and defense workers.战争使那个地区挤满了军队和防御工程人员。

6 inspections   

n.检查( inspection的名词复数 )；检验；视察；检阅

参考例句：

• Regular inspections are carried out at the prison. 经常有人来视察这座监狱。
• Government inspections ensure a high degree of uniformity in the standard of service. 政府检查确保了在服务标准方面的高度一致。 来自《简明英汉词典》

7 sequester   

vt.使退隐，使隔绝

参考例句：

• Everything he owned was sequestered.他的所有财产都被扣押了。
• This jury is expected to be sequestered for at least two months.预计这个陪审团将至少被隔离两个月。

8 vaccines   

疫苗，痘苗( vaccine的名词复数 )

参考例句：

• His team are at the forefront of scientific research into vaccines. 他的小组处于疫苗科研的最前沿。
• The vaccines were kept cool in refrigerators. 疫苗放在冰箱中冷藏。

9 jeopardizing   

危及，损害( jeopardize的现在分词 )

参考例句：

• Plans may also become inefficient in the attainment of objectives by jeopardizing group satisfactions. 用危及群体利益方法去达到目标的计划，也是无效率的。
• That boosted government revenues in the short term, but is now jeopardizing them. Morales将天然气工业，电信业和部分采矿业收归国有的举措吓跑了投资者们。

10 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

11 gale   

n.大风，强风，一阵闹声（尤指笑声等）

参考例句：

• We got our roof blown off in the gale last night.昨夜的大风把我们的房顶给掀掉了。
• According to the weather forecast,there will be a gale tomorrow.据气象台预报，明天有大风。

12 insistence   

n.坚持；强调；坚决主张

参考例句：

• They were united in their insistence that she should go to college.他们一致坚持她应上大学。
• His insistence upon strict obedience is correct.他坚持绝对服从是对的。

13 discretion   

n.谨慎；随意处理

参考例句：

• You must show discretion in choosing your friend.你择友时必须慎重。
• Please use your best discretion to handle the matter.请慎重处理此事。

14 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。