And the reduced deficit would finally give Obama credibility with the Chinese and other buyers of U.S. debt.

赤字的减少最终将让奥巴马在中国和其他购买美国国债的国家那里获得一定的可信度。

youdao

Q: it is reported that China is considering providing Spain with a package of assistance to tackle its sovereign debt crisis. Would you please confirm and give us more details?

问：据报道，中方正考虑为解决西班牙主权债务危机提供一揽子援助，能否证实并介绍一下有关方案？

youdao

This is clever, in that it would spare Republicans from voting to raise the debt ceiling (and indeed give them three opportunities to vote against it) while sparing America a default.

（读着还是别扭。。。 不太理解）这是一个明智的决定，因为可以在美国不违约的情况下不让共和党投票提高债务上限（的确，这样会给他们提供三次投反对票的机会）。

youdao

Taxing depositors is seen by the market as a radical change from the usual practice, and doing so would give depositors in other debt-ridden countries an incentive to shift their money to banks in other countries, most likely Germany.

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Congress should let the Fed issue its own debt, which would give it scope to tighten monetary policy without disorderly sales of the illiquid private debt it has taken on.

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Most recently, they have been hallucinating that the debt ceiling would give them leverage to cut federal spending.

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