USA: "Republicans and democrats on their way to a possible debt ceiling deal in the Usa"!

Le 02 août 2011 par IvoireBusiness - American history will record one day that the first super power has never gone through economic

tribulation like the current debt ceiling deal wilderness! the country has been in a short time the hostage of republicans and democrats for two days of permanent doubt and tribulation: If there is a passage of the debt ceiling bill by both houses, then it will be considered to be enrolled, and will be sent to president "Obama" for approval to be signed into law. Meanwhile, the senate as well as the house of representatives must agree to identical versions of the bill. Therefore, the compromise plan agreed to late sunday would mix a record increase in the government's borrowing cap with the promise of more than (2 trillions Us dollars) on spending cuts. Basically, that means that the nation (14.3 trillions Usa dollars) borrowing cap will rise by up to (2.4 trillions Usa dollars), enough to keep the government a float from the 2012 elections. A key objective for president "Obama", whose poll numbers have taken a turn for the worse as the crisis has dragged on. On tuesday August 2, 2011 is the deadline to avoid a Us default on payments to investors in treasury bonds, recipients of social security pension checks, those relying on military veterans benefits and businesses that do work for the government. Consequently, the deal would keep the country from defaulting on its loan obligation and possibly prevent a downgrade of its triple, a credit rating. There is(900 billions Us dollars) already locked in over the new decade and additional reductions of (1.5 billion Us dollars) to be found by a bipartisan commitee before the end of November. Although the world will celebrate any resolution to the situation, members in both parties are not satisfied with the compromise. Down the line , it's the bright economic future of Usa which is at stake, as well as the economy of the global world.Time will really tell!
Yves T Bouazo in collaboration with Queen Adina LEGARE-Georgia-Usa