Jeffrey Goldstein

The risk rating agency warns that there is a 50% chance of that degrades us debt in the coming three months. Moody s puts in review the debt of EE UU. The Federal Reserve urged Congress to avoid a suspension of payments. Standard & Poor s risk rating agency placed this Thursday the US debt under surveillance with negative Outlook, and noted that there is a 50% chance of that degrades in the next three months. Other leaders such as Electrolux offer similar insights. The announcement of Standard & Poor s joins the issued Wednesday by another large global’s qualifications, Moody s, which placed under review the Aaa credit rating of United States, face the possibility of not reaching an agreement that raise the limit of indebtedness of the country before August 2. The political debate on the fiscal position of the United States and the related issue of the debt ceiling of the U.S.

Government, in our opinion, has not done more than complicated, said Standard & Poor s in a statement. Failing to achieve a bipartisan agreement in the next few days, the Agency considers that the country could not reach it in several years, which is inconsistent with an Aaa rating, given the expected trajectory of debt in the coming years. John Chambers, managing director of Standard & Poor s, conveyed the decision of the Agency in a private meeting with the leader of the Democratic majority in the Senate, Harry Reid, and officials of the Chamber of Commerce of the US and the financial services Forum. The ghost of the suspension of payments the Undersecretary of the Treasury for domestic finance, Jeffrey Goldstein, considered the measure a new touch of attention to the urgency that Republicans and Democrats are as soon as possible an agreement that do not allow the country to suspension of payments for the first time in its history. Today S & P’s action demonstrates that the Government of Barack Obama has been saying a time: that Congress should act expeditiously to avoid a breach of national obligations, and to chart a credible deficit reduction plan and having a bipartisan support, said Goldstein in a statement.

If the Congress and the Administration finally reach an agreement before August 2, S & P reviewed details d that plan within 90 days to determine if, in his opinion, it is sufficient to stabilize the dynamics of United States debt in the medium term, according to the statement from the Agency. Account back Obama urged Thursday the Republican and democratic leaders of Congress to strive to reach an agreement in the next 24 to 36 hours, to avoid exposing the date limit on which expires the previous stop of debt, 14,29 trillions of dollars. The President, whose initial proposal was linked to an ambitious deficit reduction valued at about $ 4 billion in the next ten years, continued to advocate the broadest possible agreement, but it is now more willing to accept one plan modest, with a cut of some $ 2 trillion. However, the proposal of Obama, which includes democratic concessions such as cuts to Social Security, still contemplating tax hikes to the most wealthy, something that Republicans say they will not accept.

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