United States Treasury Secretary Geithner (Timothy Geithner) Sunday (17th), said he believed the United States Congress will improve in the near future United States public debt ceiling to avoid Government into financial difficulty.
Mr Geithner said Republicans 13th is told in the White House, President Obama, he was present at that time. Economic downturn and years of deficit financing policy allows United States total public debt is accumulating. To the end of February 2012, the United States total public debt has been above $ 14.1 trillion, is now approaching $ 14.29 trillion ceiling approved by the Congress.
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Europe debt crisis and dew shapes euro difficult explicit toughness Force United Kingdom increased storage Exchange anti-risk United States does not due to oil prices high enterprises and ahead of interest rates cover special is satisfied that then call flexible exchange rate mechanism RMB appreciation accelerated knocking at 6.53 interest rates expected stiff euro material continued rose European Central Bank interest rates Hou Fed will followed up did [RMB premium][market Center]Geithner 4th in wrote Congress leaders of a seal letter in the said , United States public debt will be reached before May 16 at the latest the total ceiling approved by the Congress, if Congress did not increase the debt ceiling as scheduled, government expenditure will face big stops, extension of the scope or limited, thus affecting the pay, pensions, social welfare and health insurance and other fields, it will give many United States impact family.
more recently, United States Democratic Party and Republicans continue to total government budget and public debt ceiling for intense game.
the United States House of representatives Budget Committee President baoluo·ruian Republican heavyweight recently said that, unless at the same time drastically reducing expenditure is not agreed to raise the public debt limit.
