WASHINGTON - The ABC television, congressional sources, based on the federal debt ceiling increase and budget deficit reduction package for the framework announced that it had reached agreement on the temporary.
White House Communications Director Dan Pfeiffer, the ongoing negotiations with the Republican Party officials announced an agreement varılmadığını.
Pfeiffer, Twitter accounts, said''a lot of false information circulating. Despite all the news has not produced any agreement,''commented.
Meanwhile, the U.S. House of Representatives Chairman John Boehner, Republican lawmakers sent via e-mail message,''the question of borrowing ceiling on the right track progress of the talks, but said''serious issues remain.
ABC television, based on the resources of Congress, the U.S. debt ceiling increase and reduce the federal budget deficit, has announced that it had reached an agreement for the temporary framework on the package.
WHAT IS DEBT CEILING?
The U.S. administration, the salaries of soldiers, including medical expenses and bills to pay credit interest rates on the amount of total debt is facing a legal constraint. U.S. $ 14.3 trillion debt ceiling is available now. This debt ceiling was reached in May.
Is only with the approval of Congress for authority to increase the borrowing ceiling of U.S. President Barack Obama administration borçlanamıyor more.
U.S. debt ceiling, the First World War, to simplify the government's financial needs are met for the first time in 1917, was performed. Since then, the debt ceiling raised dozens of times.
Congress also determines the authority of the government's spending commitments and tax increase.
Obama is spending more than you win in this administration, and at the same time makes it impossible borrowing.
Financial crisis and the fragile U.S. economic conditions led to an increase in government spending, tax revenues did not meet expectations. This led to the growth of the budget deficit by increasing the government's borrowing rate.
The Republicans who control the lower chamber of Congress, the House of Representatives, saying they wanted to take control of the budget deficit, borrowing ceiling artırmayacakları threatened, in the absence of a deal.
Although Democrats and Republicans agree is vital to decrease the budget deficit even as they raise the ceiling on the budget deficit and debt reduction plans are different.
Democrats plan to increase the borrowing ceiling of $ 2.7 trillion and 2.2 trillion dollar budget deficit reduction predicts. This plan, carried out social programs for the elderly and the poor remains, but the demands of the Republicans does not make concessions to the new tax revenues.
Republicans in the two-stage plan to reduce government spending 915 billion dollars, the government envisages to increase the borrowing authority is only 6 months. Republicans oppose tax increases and spending more interrupted for military argues that the Democrats' demands.
Chairman of the House of Representatives vote in the House of Representatives Republican John Boehner'ın plan was accepted by 210 votes to 218 against the Democrat-dominated Senate, as expected, but is rejected.
Barack Obama and the Democrats, Boehner'ın plan, the federal government's borrowing ceiling''increase''in two phases and the beginning of next year, Congress once again refuse to vote due to be made foresees. Because, Obama will struggle to be re-elected in a similar attack in Congress before the 2012 presidential election does not want to live again.
Until 2 August AGREEMENT MUST BE WHAT?
The parties agreed to a final matter, you have until the expiry of a period 2 August, U.S. Treasury Secretary Timothy Geithner's statement will be a''disaster''. President Obama deal with the recession drags the sağlanamamasının again warned that the United States.
Artırılmaması borrowing ceiling will fall into default in U.S. history and this is the first time the U.S. economy would lead to undesirable results in terms of both the global economy.
U.S. credit rating from international credit rating agencies will reduce the value of U.S. Treasury securities will fall in the hands of international organizations and foreign creditors is going to have their money in U.S. banks.
The U.S. credit cards, vehicle loans and housing loans at interest rates will rise.
Raising the debt ceiling of $ 14.3 trillion in the U.S. is currently in the period ending on August 2.
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