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Wednesday, June 15, 2011

U.S. Still Think-think about the level of Debt Limit

United States (U.S.) seem still related counting pressure for the country's debt limit increase from 14.3 trillion U.S. dollars. According to Federal Reserve Chairman Ben Bernanke, ideally, the U.S. raise the debt limit of 2.5 trillion U.S. dollars. "That way, the U.S. could work up to 20 113," Bernanke said.Earlier, Bernanke said the U.S. would lose the AAA credit rating if the U.S. did not raise the debt limit. In a conference, Bernanke said that if the U.S. government suspend all types of debt payments. chaos will occur in global financial markets. "Failure to increase the debt limit would make the federal government to delay or cancel payment of the bonds that have been done," Bernanke said as warat AP and AFP on Wednesday june 15, 2011.

"Even the slightest delay in payment of the bond debt would disrupt financial markets and payment systems," he added.

Furthermore, in the long run, Bernanke added, the conditions that would destroy the status of the U.S. dollar as the world's premier currency.

Meanwhile, Vice President Joe Bidden and congressional leaders are trying to find a bipartisan solution to solve the debt problem. They are trying to reach an agreement to maintain the level of state spending by increasing the debt limit.

In the talks the government and Congress will discuss the level of annual expenditure, budget process reform, taxes and health insurance. "We've made ​​progress, we now go into the hard part. All are still discussing," Biden said on the sidelines of a meeting on Tuesday, U.S. time.
It is expected that an agreement can be obtained according to the desired deadline of President Barack Obama and Speaker of the House John Boehner is on July 4.