Thursday, July 28, 2011

The Fed Warned the U.S. Debt Risks

WASHINGTON. Ben Bernanke, Governor of Central Bank of the United States (U.S.) Federal Reserve, warned of the threat of U.S. debt ceiling. Within Bernanke, the U.S. could lose the AAA credit rating if Congress does not decide an increase in U.S. debt ceiling. If nothing is agreed until this August, the U.S. began to fall in default.

Bernanke said that further delay by the U.S. government in deciding policy could trigger turmoil in global financial markets. The U.S. government is currently running a budget deficit with a value of U.S. $ 1.5 trillion.

Earlier, U.S. Vice President Joe Bidden and leaders of Congress had resumed steps to take bipartite solution. They attempt to reach an agreement that will bind to spending cuts by the addition of the debt limit.

They hope to discuss the level of annual expenditure, budget reform, tax and health insurance benefits. "We note the real progress, we now begin to move into the issues of weight and everyone still survive," said Biden.

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