David Cameron warned today that the Government's NHS reforms were essential to avert a £20 billion funding shortfall by 2015.
Government officials and corporate executives say such a measure, to be announced as early as this week, is essential to avert an economic meltdown at the end of the year, when many insurance contracts covering businesses, office buildings and factories expire.
The Obama camp is feeling pressure from the administration, according to several people familiar with the situation, specifically from Treasury Secretary Henry M. Paulson Jr., to "co-own" the bailout program, which remains unpopular among voters despite a broad consensus that it was essential to avert wider economic collapse.
The administration is trying to shift the focus from the budget to the economy, saying that the tax cut was essential to averting a recession and that the revenue shortfall is largely a result of a slowdown that started a year ago under President Bill Clinton.
Books are essential to me.
Ratings are essential to survival.
Proteins are essential to life.
Data are essential to mapping.
If a recession breaks, as forecasters now predict, maintaining spending will be essential to help avert an even deeper downturn than necessary.
The architects of the plan, Timothy F. Geithner, Treasury secretary, and Lawrence Summers, director of the National Economic Council, said it was essential to give the Fed more authority to avert or at least minimize future market crises.
Moreover, understanding and averting the unintended consequences of HIT is essential to realizing the benefits and improving quality of care delivery and patient outcomes [ 34, 35].
