But the Mexican agreement, ground breaking though it may be, is likely to offer only limited reductions in either debt or interest payments.

The sales are open to members only, typically offering reductions of 50-70pc from the recommended retail price.

But the state agreed to revive the project in January, after the company offered cost cuts and reductions in electricity prices.

Why, then, do so many politicans from both parties offer only spending reductions as means to balance the budget?

In addition, foreclosures were halted for 75 homeowners, who will also be offered reductions.

The incubator will offer manufacturers reductions in space and energy costs, as well as opportunities to share services.

But one problem that plagues doctors offering fetal reductions is the lack of data on those risks.

This fairly low-cost solution can offer minor reductions in heat loss.

We also have a policy of not offering reductions - we price a job fairly, and that's it.

Both include flights and transfers, and offer substantial reductions for children.