IfCongressfailstoincreasethedebtceilingbeforeOctober,thefederalgovernmentcouldstruggletopaynearly25%ofthecountry'sbillsforthemonth.Andthoseowedmoneywouldfaceinc
Due to the political brinkmanship and uncertainty caused by the lingering fiscal fight between Democrats and Republicans, the U.S. gold-plated sovereign credit rating might be downgraded by other credit rating agencies (CRAs), Jacob Kirkegaard, a senior fellow at the Washington-based Peterson Institute for International Economics, warned Tuesday.
U.S. President Barack Obama said Sunday that he will not negotiate with his Republican rivals on raising the country's debt ceiling to avert a debt default of the world's largest economy.
U.S. President Barack Obama has insisted on his stance that Congress should increase the country's debt ceiling without delay, White House spokesman Jay Carney said Thursday.
Obama urges Congress to raise U.S. debt ceiling WASHINGTON, Jan. 14 (Xinhua) -- One week before starting his second term, U.S. President Barack Obama on Monday urged Congress to raise the country's debt ceiling in a timely manner to avert dampening investor confidence and derailing the economic recovery.
简体中文
