VOA标准英语2009年-US Treasury Secretary: Economy Improving,

The Obama administration is hailing recent improvements in U.S. economic indicators¹, but says more must be done to put the United States on solid economic footing. Treasury² Secretary Timothy Geithner proclaimed the risk of financial collapse³ to be over, but said the United States must shrink its massive national debt.
　
Treasury Secretary Timothy Geithner (file)

Last week saw positive U.S. economic news, with increases in home sales and housing prices, a jump in manufacturing activity, a drop in new jobless claims, and a new growth figure showing the economy shrinking far less than had been anticipated.

Treasury Secretary Geithner welcomed the news.

"There are signs the recession is easing," Geithner said. "And, if you think about where we were at the end of last year -- the economy in free fall, a financial system on the verge⁴ of collapse -- the actions this administration has taken have been very effective in helping⁵ stabilize⁶ conditions, help repair the financial system, bring down the cost of credit."

Geithner was speaking on ABC's This Week program. He was quick to add that many Americans continue to feel economic pain.

"Unemployment is very high in this country," Geithner said. "We need to make Americans more confident about their future."

Geithner said one key to a sustained economic recovery will be to reduce U.S. federal deficits⁸ and stop adding to America's national debt.

"We will not get this economy back on track, recovery will not be strong and sustained, unless we can convince the American people that we are going to have the will to bring these deficits down," Geithner said."

The Treasury secretary said reforming America's costly⁹ health care system is one of several steps needed to put America's fiscal¹⁰ house in order. He did not rule out tax hikes to cut the deficit⁷, once the U.S. economy is growing.

The Obama administration's efforts to combat the recession include an $800 billion economic stimulus¹¹ package enacted¹² earlier this year. For all the government's initiatives, Geithner said it is the private sector¹³ that will lead the United States to recovery.

But Republicans accuse the Obama administration of swelling¹⁴ government and burdening private industry and ordinary citizens. Indiana Congressman¹⁵ Mike Pence spoke¹⁶ on Fox News Sunday.

"We have lost two-million jobs since the stimulus bill was passed," Pence said. "And I think what we are seeing in the economy right now is the inherent resilience of the American economy and the American people. What we ought to be doing is pursuing the kind of broad-based prescription¹⁷ for recovery and stimulating¹⁸ this economy that has always worked: fiscal discipline in Washington and tax relief for working families, small businesses and family farms."

At more than 18 months, the recession is the longest suffered in the United States since World War Two. Economists¹⁹ say unemployment will likely continue to rise for several months even after a recovery begins.

1 indicators   

（仪器上显示温度、压力、耗油量等的）指针( indicator的名词复数 )； 指示物； （车辆上的）转弯指示灯； 指示信号

参考例句：

• The economic indicators are better than expected. 经济指标比预期的好。
• It is still difficult to develop indicators for many concepts used in social science. 为社会科学领域的许多概念确立一个指标仍然很难。

2 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。

3 collapse   

vi.累倒；昏倒；倒塌；塌陷

参考例句：

• The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
• The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。

4 verge   

n.边，边缘；v.接近，濒临

参考例句：

• The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
• She was on the verge of bursting into tears.她快要哭出来了。

5 helping   

n.食物的一份&adj.帮助人的，辅助的

参考例句：

• The poor children regularly pony up for a second helping of my hamburger. 那些可怜的孩子们总是要求我把我的汉堡包再给他们一份。
• By doing this, they may at times be helping to restore competition. 这样一来, 他在某些时候,有助于竞争的加强。

6 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。

7 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。

8 deficits   

n.不足额( deficit的名词复数 )；赤字；亏空；亏损

参考例句：

• The Ministry of Finance consistently overestimated its budget deficits. 财政部一贯高估预算赤字。 来自《简明英汉词典》
• Many of the world's farmers are also incurring economic deficits. 世界上许多农民还在遭受经济上的亏损。 来自辞典例句

9 costly   

adj.昂贵的，价值高的，豪华的

参考例句：

• It must be very costly to keep up a house like this.维修这么一幢房子一定很昂贵。
• This dictionary is very useful,only it is a bit costly.这本词典很有用，左不过贵了些。

10 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。

11 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。

12 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

13 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

14 swelling   

n.肿胀

参考例句：

• Use ice to reduce the swelling. 用冰敷消肿。
• There is a marked swelling of the lymph nodes. 淋巴结处有明显的肿块。

15 Congressman   

n.（美）国会议员

参考例句：

• He related several anecdotes about his first years as a congressman.他讲述自己初任议员那几年的几则轶事。
• The congressman is meditating a reply to his critics.这位国会议员正在考虑给他的批评者一个答复。

16 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。

17 prescription   

n.处方，开药；指示，规定

参考例句：

• The physician made a prescription against sea- sickness for him.医生给他开了个治晕船的药方。
• The drug is available on prescription only.这种药只能凭处方购买。

18 stimulating   

adj.有启发性的，能激发人思考的

参考例句：

• shower gel containing plant extracts that have a stimulating effect on the skin 含有对皮肤有益的植物精华的沐浴凝胶
• This is a drug for stimulating nerves. 这是一种兴奋剂。

19 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》