Another day without signs of progress in the crisis of U.S. debt

Another day without signs of progress in the crisis of U.S. debt

Federal Way : WA : USA | Jul 24, 2011 at 8:57 PM PDT
Views: Pending

Still not produced signs that political leaders in the United States are approaching a solution to the crisis in the debt ceiling, although further meetings this Sunday.

The president, Barack Obama, Democrats greeted congressmen at the White House and Republicans called on their legislators to return to Washington sooner than expected to discuss the crisis.

America needs to raise nine days before the borrowing limit allowed by law, $ 14.3 billion-not to be insolvent, but congressional Democrats and Republicans have negotiated unsuccessfully for several weeks on the modification of the debt ceiling.

Democrats want to raise taxes on the rich but Republicans oppose.

The U.S. statement in cessation of payments could cause a global financial meltdown, warn analysts.

1 of 10
Treasury Secretary Timothy Geithner has urged Congress to raise the debt ceiling
Treasury Secretary Timothy Geithner has urged Congress to raise the debt ceiling
rawaha is based in Karāchi, Sind, Pakistan, and is an Anchor on Allvoices.
Report Credibility
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear

News Stories

  • Obama, Dem leaders to meet as debt crisis deepens

      SF Gate
    President Barack Obama will meet with the top Senate and House Democrats Sunday night amid the nation's deepening political standoff over the federal debt. The White House said late Sunday afternoon that Obama had invited Senate Majority Leader Harry...
  • Obama to confer with Democratic leaders on debt impasse

      Moreover Silicon Valley
    Obama is seeking a $2.4 trillion, or nearly a 17 percent, increase in the borrowing limit. Boehner said earlier on Fox News Sunday that he'd prefer to agree on a bipartisan plan that involves all the congressional leaders, but it is too early to...
  • U.S. officials scramble for debt deal as clock ticks
    White House officials and Republican leaders scrambled Sunday to reassure global markets the United States would avert a debt default but the two sides gave no sign they were moving closer to a deal. "The leaders of Congress have said unequivocally ..
  • Geithner: Officials seeking debt deal by afternoon

      Arizona Daily Sun
    Sunday, July 24, 2011 6:35 am (0) Comments Font Size: Treasury Secretary Timothy Geithner (GYT'-nur) says congressional leaders are putting together a framework for raising the nation's debt limit with a goal of announcing a deal before Asian markets...
  • Editorial: US debt crisis

      Qatar English Daily
    Quote of the day Norwegian Prime Minister Jens Stoltenberg Monday, 25 July 2011 02:36 The White House has warned that the next few days could be stressful for global markets and Americans...The reason for stress is that Washington has to raise its $...
  • US debt crisis threatens global markets as Congress is locked in blame game

      The Guardian
    The US debt crisis has deepened after a collapse of negotiations between Congress leader John Boehner (left) and Barack Obama. Photo: Reuters/Jason Reed Democrats and Republicans are locked into a dangerous game of seeing who will crack first over...





More From Allvoices

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Most Commented Reports

Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.