Conceivably, it could include provisions that, in some way, would limit surplus-reducing actions if specified targets for the budget surplus and federal debt were not satisfied.
Any plan for using the surplus "could include provisions that, in some way, would limit surplus-reducing actions if specified targets for the budget surplus and federal debt were not satisfied," he said.
Imports rose to a record value of $128.1 billion, limiting the surplus to the smallest in five months, while exports were $145 billion.
During a news conference on Friday afternoon in Seoul, Mr. Obama attributed the conflict to his administration's efforts to even out global trade imbalances, by pressing other nations to accept numerical targets for limiting trade surpluses or deficits.
Germany, an export powerhouse, resisted Mr. Geithner's proposal that G-20 countries aim to limit the surplus or deficit on their current account — the broadest measure of a nation's trade and investment — to no more than 4 percent of gross domestic product.
At a preparatory meeting on Oct. 22-23 in Gyeongju, South Korea, the Treasury secretary, Timothy F. Geithner, unsuccessfully proposed to his fellow G-20 finance ministers that each member agree to limit the surplus or deficit on its current account — the broadest measure of trade and investment — to 4 percent of gross domestic product.
Drought in the Basin has effectively limited the surplus inflows that replenish Lake Powell and Lake Mead since the beginning of the 9 year study period, while active surface water management has prevented further declines in reservoir levels.
The second chapter put forward a medium-term fiscal consolidation policy that would ensure the Greek government would never get into deficit again, while limiting our budget surplus targets to levels low enough to be credible and consistent with recovery.
Argentina's requirements, considered less than orthodox by Wall Street, included limiting its budget surplus to 3percentt of gross domestic product next year, while leaving goals for the following two years open to further negotiation.
This would limit trade surpluses and leave the People's Bank with less money to plow into foreign reserves.
