The U.S. government will control the budget deficit

The Minister of Finance of the U.S. Timothy Geytner (Timothy Geithner) went on a two-day visit to China with the promise that the Obama Administration will oversee the drawing, the May 31, Bloomberg. Geytner, which hopes to persuade China that invest in U.S. government bonds are reliable, told reporters aboard the plane en route to Beijing: "The future budget deficit worries us more than anybody." Geytner will meet with Prime Minister Venom Jiabao of China (Wen Jiabao), who in March called on the United States to guarantee the safety of Chinese assets. "" I hope that the visit Geytnera reassure us, - said senior researcher at the Chinese Academy of Social Sciences South Yondin (Yu Yongding ). - The Chinese public are concerned the security of our foreign exchange reserves. Geytner told reporters that the United States and China should make joint efforts to create conditions for sustained global economic recovery. "We note a more sustainable economic stability and see that the financial system is in better shape - he said Geytner. - But there is still much to be done, and we continue to work in the United States and cooperation with other major economies in the restoration of conditions for sustained recovery." K2Kapital