On June 7th in US Political History
Part VIII
Part VIII
On June 7th in 2011 President Obama presented German Chancellor Angela Merkel with the Medal of Freedom.
On June 7th in 2011 Nancy Pelosi, the leader of the Democrats in the House of Representatives, called for an ethics investigation into the conduct of Rep. Anthony Weiner to see if the representative’s Twitter scandal had broken any laws.
On June 7th in 2012 The Fitch Ratings agency has warned that it would cut the US credit rating next year if Washington fails to deal with its deficits and to create a "credible" fiscal consolidation plan. The US is the only country with a AAA rating without a credible fiscal consolidation plan and a debt-to-GDP ratio that was is expected to rise.
On June 7th in 2012 US Trade Representative Ron Kirk has said the repeal of the Jackson-Vanik amendment that puts trade restrictions on Russia is a top priority for his office this year. The amendment adopted during the Cold War allows denial of most-favored-nation status to non-market countries that restrict emigration. The US has granted Russia annual waivers since 1994, but the amendment is still an irritant in bilateral relations. Some lawmakers propose instead of the amendment adoption of the so-called Magnitsky bill, aimed against a number of Russian officials.
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