Saying that he hoped the decision by Standard & Poor’s todowngrade the country’s rating “will provide a renewed senseof urgency,’’ President Obama said today the nation can solve itseconomic difficulties.
During remarks at the White House he said the country’s deficitproblems were “eminently solvable.” And that it is not a lack ofplans or policies that’s the problem, it’s a lack of politicalwill.”
Obama, who said the United States will always be a AAAcountry,’’ was responding to Standard and Poor's decision todowngrade U.S. debt from AAA to AA+.
A House-Senate committee will make additional recommendations byNovember, aimed at cutting spending by $1.5 trillion over 10years
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