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

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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.
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