US Keeps Its Word, Obama Assures Trading Partners, Investors
U.S. Keeps Its Word, Obama Assures Trading Partners, Investors
“America is the bedrock of the global economy for a reason,” President Obama said at the White House October 17. “We are the indispensable nation that the rest of the world looks to as the safest and most reliable place to invest. … We have earned that responsibility over more than two centuries because of the dynamism of our economy and our entrepreneurs, the productivity of our workers, but also because we keep our word and we meet our obligations. That’s what full faith and credit means — you can count on us.”
The president spoke to an audience of federal workers (above), many returning to their jobs after more than two weeks of furloughs forced by a partial government shutdown. Late on October 16, Congress passed, and the president signed, legislation to temporarily fund the federal government and raise the debt ceiling (the amount the U.S. government is authorized to borrow to pay its debts).
“And today, I want our people and our businesses and the rest of the world to know that the full faith and credit of the United States remains unquestioned,” Obama said.