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The worsening situation led to large drawdowns from the Revenue Equalization Reserve Fund to finance budget deficits.
According to one investor, by the end of the week the Global Equity Opportunities fund faced "single digit" drawdowns from redemptions, suggesting that Goldman had, for the moment, dodged a bullet.
In an era of Pentagon budget cuts, troop drawdowns from Afghanistan and elsewhere in the world, Mr. Panetta has been in a very public fight to trim the Pentagon's vast expenses.
The United States is best prepared among the Western powers to withstand fluctuations in oil markets through drawdowns from its Strategic Petroleum Reserve, which today holds about 580 million barrels of oil.
But the wars in Afghanistan and Iraq created a high-water mark of billions in available equipment, and subsequent drawdowns from each nation have meant law enforcement entities nationwide have snatched up gear developed for guerrilla warfare and battling conventional armies.
In Kilcullen's view, allowing the surge to run its course into next spring, while doing as much damage as possible to Al Qaeda in Iraq in the meantime, would make it likelier that a gradual withdrawal of troops would not leave behind the chaos of previous drawdowns — from Falluja and Mosul in 2004, from Tal Afar and Baquba in 2005, and from Baghdad in 2006.
Similar(49)
We're starting this drawdown from a position of strength.
We are starting this drawdown from a position of strength.
Mr Obama said: "We are starting this drawdown from a position of strength.
"We are starting this drawdown from a position of strength," Mr. Obama said.
Better properties exhibited coatings drawdowned from latexes of soft-core/hard-shell particle design.
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