您现在的位置: Language Tips> Audio & Video> Special Speed News  
   
 





 
Obama chooses economic team for 'historic' crisis
[ 2008-12-01 14:01 ]

Download

This is the VOA Special English Economics Report.

President-elect Barack Obama named the top members of his economic team in a series of announcements this week in Chicago, Illinois. His nominee for secretary of the Treasury is Tim Geithner, president of the Federal Reserve Bank of New York for the past five years. Mister Geithner has been working to rescue companies affected by the financial crisis. He has also worked as undersecretary of the Treasury Department for international affairs.

 Obama chooses economic team for 'historic' crisis

Barack Obama with two members of his team, Tim Geithner and Christina Romer

The top economic adviser in the White House will be Larry Summers. He was President Clinton's last Treasury secretary, at the same time that Tim Geithner was undersecretary. The former Harvard University president will lead the National Economic Council. That position does not require Senate approval.

But confirmation is required for the director of the Council of Economic Advisers. Mister Obama's choice to lead that group is Christina Romer. She is an economist and economic historian at the University of California, Berkeley.

The nominee to lead the Office of Management and Budget in the White House is Peter Orszag, until now the director of the Congressional Budget Office.

And Mister Obama announced the creation of a President's Economic Recovery Advisory Board. Paul Volcker will lead the new board. He was Federal Reserve chairman during most of the nineteen eighties.

The president-elect is working with Democratic leaders in Congress on an economic recovery plan. Spending and tax cuts might cost five hundred billion dollars or more. But Mister Obama says: "We are facing an economic crisis of historic proportions."

The goal for the stimulus plan is to save or create two and one-half million jobs over a period of two years. Congressional leaders hope to have the plan ready for the new president to sign shortly after he takes office on January twentieth.

The government has already promised trillions of dollars in loans, guarantees and investments to rescue the economy. At the same time, Barack Obama says the government must cut wasteful spending from the three trillion dollar federal budget. As he promised during the campaign, he said he will direct his new budget team to go through the budget page by page and line by line.

And that's the VOA Special English Economics Report. For the latest developments in the financial crisis, go to voaspecialenglish.com. I'm Steve Ember.

(Source: VOA 英语点津姗姗编辑)

 
英语点津版权说明:凡注明来源为“英语点津:XXX(署名)”的原创作品,除与中国日报网签署英语点津内容授权协议的网站外,其他任何网站或单位未经允许不得非法盗链、转载和使用,违者必究。如需使用,请与010-84883631联系;凡本网注明“来源:XXX(非英语点津)”的作品,均转载自其它媒体,目的在于传播更多信息,其他媒体如需转载,请与稿件来源方联系,如产生任何问题与本网无关;本网所发布的歌曲、电影片段,版权归原作者所有,仅供学习与研究,如果侵权,请提供版权证明,以便尽快删除。
相关文章 Related Story
 
 
 
本频道最新推荐
 
Walking in the US first lady's shoes
“准确无误”如何表达
英国新晋超女苏珊大妈改头换面
猪流感 swine flu
你有lottery mentality吗
翻吧推荐
 
论坛热贴
 
别乱扔垃圾。怎么译这个乱字呀?
橘子,橙子用英文怎么区分?
看Gossip Girl学英语
端午节怎么翻译?
母亲,您在天堂还好吗?