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Main » Economic crises
WASHINGTON, Sept. 26. U.S. will run out of the ability to borrow no later than October 17, 2013 and by that time will have on hand a total of about $ 30 billion, the U.S. Treasury Secretary Jack Lew said in a letter to congressional leaders.

The Minister urged them to act quickly to raise the nation's debt limit, now $ 16.7 trillion, reports Reuters. ... Read more »
Category: Economic crises | Views: 1461 | Added by: Andrey-Andreev | Date: 16.10.2013 | Comments (0)

Without a budget in place, the US government has run out of the cash needed to pay thousands of government workers in Washington and keep national parks open. But this week an even more critical issue comes to the fore. On Thursday, the country will be forced to default on its $16.8 trillion in borrowings if it does not secure a rise in the debt ceiling.

Republican leaders, aware that their intransigence over the budget has hit the party’s popularity, last week proposed a six-week postponement of the deadline. John Boehner, leader of the Republicans in the House of Representatives, has dropped a previous demand that talks could only take place following a Democrat concession to review President Barack Obama’s Affordable Care Act – or "Obamacare” – although a format for discussions has yet to be agreed. ... Read more »

Category: Economic crises | Views: 1292 | Added by: Andrey-Andreev | Date: 16.10.2013 | Comments (0)

U.S. Congress as of Wednesday morning, the budget has not reached a compromise and voted to raise the debt "ceiling" that, as the Finance Ministry warned, threatens the country with technical default since October 17, 2013.

WASHINGTON, Oct. 16 - RIA Novosti, Alexei Bogdanovsky. If something like this happens, the current situation is unprecedented, and its effects are not known precisely. However, there is no doubt that the results will be grim for the U.S. economy. It generates from the markets, politicians and observers hope to reach a compromise in the last hours. ... Read more »

Category: Economic crises | Views: 1110 | Added by: Andrey-Andreev | Date: 16.10.2013 | Comments (0)


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