U.S. promises China it will reduce deficit

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Uploaded by on Jul 29, 2009

U.S. President Barack Obama began the week praising the importance of a strong relationship with China.
After two days of high-level talks between U.S. and Chinese officials, no fine details were agreed upon, but the Obama administration has agreed to reduce its deficit once the financial crisis has abated.
Nicholas Lardy of the Peterson Institute for International Economics joins Martin Savidge to discuss the evolving economic relations between the two countries.

http://worldfocus.org/blog/2009/07/29/us-promises-china-it-will-reduce-defici...

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  • Wow... maybe they can keep this promise? After I get off the floor rolling in laughter.

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