Arab Today, arab today us hits debt ceiling with \cliff\ still unresolved
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

US hits debt ceiling with \'cliff\' still unresolved

Arab Today, arab today

Arab Today, arab today US hits debt ceiling with \'cliff\' still unresolved

Washington - AFP

The US Treasury said the country would hit its debt ceiling Monday as expected, forcing it to take measures to keep funding the government while political leaders battle over the deficit. The Treasury said it would adjust its handling of civil service pension fund assets to be able to keep operating under the $16.394 trillion borrowing limit without slashing federal spending, suggesting it could do this for at least two months. \"We will reach the statutory debt limit today,\" a Treasury official told reporters. In an official letter to Congress, the Treasury detailed the extraordinary measures it would undertake to keep the government afloat, which would last to February 28, 2013. The statement came as Democrats and Republicans continued to joust over measures to correct the country\'s deep deficit, with a last-minute deal in the works late Monday to avert the steep tax increases of the fiscal cliff. But the deal appeared not to include any increase in the congressionally-mandated official debt ceiling, as President Barack Obama had demanded. That left open the possibility of another showdown like that of July 2011 over how to bridge the fiscal deficit and reduce the debt load. The brinksmanship over the ceiling last year led to Standard & Poor\'s cutting the US\'s top-level AAA credit rating for the first time in history, putting it at AA+ with a \"negative\" outlook. On Friday S&P said that any deal to fix the fiscal cliff package of economy-crunching tax hikes and spending cuts would not help the country\'s credit rating. In 2011, S&P said, its downgrade was rooted in \"the political brinkmanship of recent months (that) highlights what we see as America\'s governance and policymaking becoming less stable, less effective, and less predictable\". \"We believe that this characterization still holds,\" it said Friday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us hits debt ceiling with \cliff\ still unresolved Arab Today, arab today us hits debt ceiling with \cliff\ still unresolved

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us hits debt ceiling with \cliff\ still unresolved Arab Today, arab today us hits debt ceiling with \cliff\ still unresolved

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday