The House Of Representatives Lift The Debt Ceiling, The Us Government Temporarily Escaped The Dark Scenario

The US House of Representatives has just voted to temporarily raise the ceiling of public debt, ensuring that the Federal Government may continue to pay invoices until December 12: 00/1: 33 South of the South with an additional $ 480 billion, ceiling of public debt America was raised to the level of beating 28,900 billion USD. President Joe Biden will sign the draft into a law right this week. Before that, the US Senate approved the bill on 7 / 10. The above decisions of the US House members was just a temporary solution for The issue of the US public debt, and the United States still faces another potential fiscal crisis at the end of this year, when the deadline of December 3 ended. New here, Finance Minister Janet Yellen warns the steps In order to prevent the default of the country, it will expire on October 18 and from that time, the ministry will not be able to fully meet the government's financial obligations

. Debt Republic will greatly affect Go to the global financial markets. According to economic experts, this scenario will cause widespread damage through an interest rate soaring, overshadow belief in the Washington ability to perform its future obligations on time and potential Dripping social security payments for about 50 million older people. Members of the armed forces may also have to witness their payments delayed Since the debt ceiling was established in 1917, the US has twice the debt, in 1933 and 1979. From In 1960, this country had 78 times to raise the debt limit. And in the past 40 years, the United States has experienced 35 years of a penalty budget due to tax reduction policies and consumer demand.

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