Exact(45)
Ideally, this should provide a window of opportunity for America to address its own deficit problem.
In March Mr Rajoy declared Spain's sovereign right to fix its own deficit target.
And if he misses his own deficit target, his reputation will be in tatters.
Washington has long pressured Beijing to reduce its surplus and promised to tackle its own deficit.
Even the president's own deficit commission recommended cutting $100bn from military spending.
For the next year, the state could easily face its own deficit of several billion dollars.
Similar(15)
The aim of the new proposals is to give Congress a better chance of forging its own deficit-reducing deal and of avoiding automatic cuts.
Athens has failed to meet its own deficit-cutting targets.
The central government's own deficit-cutting plans have fallen behind schedule, as a deepening recession has eroded tax receipts.
He challenged Obama to provide specifics of his own deficit-reduction plan, which calls for modest changes to the programs.
But just as he has said, his income is easily high enough to make the family eligible for a tax increase under his own deficit-reduction proposals.
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