But with the state reeling from its worst financial crisis in decades, some fiscal experts say that the state, far from offering the city additional help, may actually end up cutting aid.
Obama, notwithstanding the dire warning of his team, accepted a deal to temporarily extend all the Bush tax cuts in exchange for some fiscal stimulus for the economy.
"It has been piecemeal efforts through the course of the year with several small cuts in interest rates and some fiscal stimulus measures scattered around in recent months," he said.
He had been recruited in August 1998 to restore some fiscal discipline to Danka, which has headquarters in St .Petersburg, Florida, and London.
Police officers in Nassau County are among the highest paid in the nation, and some fiscal watchdogs say that the county's budget problems can be traced in part to its expensive police force.
He told CNN, "Well, this time... we need it in order to get some fiscal stimulus".
"Well, this time, we don't need it, we need it in order to get some fiscal stimulus".
"There is a risk that, in some countries, fiscal balances may fall behind the targets agreed".
Whether those stuck in some Congressional fiscal jam in 2033 will study 2013 for lessons on how a divided Washington finally pulled back from the brink with a last-minute compromise or engaged in a meltdown that harmed the economy and ended careers is yet to be determined.
