Monday, July 11, 2011

Obama: 10 days for the agreement on debt

Ten days to reach an agreement on debt. Barack Obama convenes again at the White House to Congressional leaders this afternoon after a meeting that lasted an hour and a half Sunday. The time for a solution to the impasse are shortened: August 2, when the United States could rise to the first default in history, is close by and after reaching an agreement can serve the technical time in Congress to increase the debt ceiling.

Moody's warned in June that if the negotiations will not be a good place to put under observation could triple A rating in the U.S. for a possible downgrade. The White House remains confident: an agreement on the roof of the debt will default first to avoid the United States that would - warns Treasury Secretary Timothy Geithner - catastrophic effects.

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