{"id":42456,"date":"2013-09-29T15:02:20","date_gmt":"2013-09-29T19:02:20","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=42456"},"modified":"2013-09-29T15:02:20","modified_gmt":"2013-09-29T19:02:20","slug":"federal-debt-ceiling-the-current-issue-of-the-u-s","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/09\/29\/federal-debt-ceiling-the-current-issue-of-the-u-s\/","title":{"rendered":"Federal Debt Ceiling \u2013 The Current Issue of the U.S."},"content":{"rendered":"

Article by Investazor.com<\/u><\/a><\/p>\n

The shortest definition of the federal debt ceiling situation of the United States (currently estimated at over 16,700 billion) is that the country is spending more that is collecting and each year it finds itself in the same situation, of spending more and more than it is managing to take in by taxes. To find its way out of this situation, the government is issuing bonds which are purchased by investors around the world, mainly by China and Japan. Why should everybody care about the federal debt ceiling? Because it will eventually affect the citizens. Fields like the medicine, education or army will have to suffer payment delays or even restructuring in order to adjust the government\u2019s budget to the society\u2019s costs. Even if the debt ceiling will be increased, on the long term, the same consequences remain. If not,\u00a0the whole world will be rocked by the imediatele consequences. In any case, expectations point towards an extension of the agony and passing the responsabilities to the next government.<\/p>\n

Currently the Congress and President Barak Obama are debating over the debt ceiling as 17th<\/sup> of October represents the next deadline. One of the House\u2019s latest decisions was the 1 year postponement of the national healthcare law known as “Obamacare\u201d which is considered by the Republicans as a cost that came at the wrong time. The American government being unable to pay its debts represents a scenario that nobody imagined before and no one has a clear solution for this problem. \u00a0The debt ceiling must absolutely be raised, in the opinion of U.S.’s President.<\/p>\n

In an attempt to calm the situation, as the 1 of October announces the beginning of a new fiscal year, the House unanimously approved a bill to keep paying U.S. soldiers\u00a0in case the government runs out of money. The Congress seems to react with a great delay and there isn\u2019t a clear exist strategy put in place. The world is currently waiting for another round of votes in order to have a decision on the table and the responsibility is on the Congress\u2019s back.<\/p>\n

The post Federal Debt Ceiling – The Current Issue of the U.S.<\/a> appeared first on investazor.com<\/a>.<\/p>\n

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Article by Investazor.com The shortest definition of the federal debt ceiling situation of the United States (currently estimated at over 16,700 billion) is that the country is spending more that is collecting and each year it finds itself in the same situation, of spending more and more than it is managing to take in by … <\/p>\n

Continue reading “Federal Debt Ceiling \u2013 The Current Issue of the U.S.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-42456","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/42456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=42456"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/42456\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=42456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=42456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=42456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}