US debt ceiling and crisis

[dennis]

gurinchi simple ga chepthara...asalu em jaruguthundhi....repu voting dheni gurinchi...and what are the consequences... and what are the options that US have now ani  thankyou thankyou thankyou  s%H# s%H#

[dennis]

CITI#H@

[tharanga]

edo bill pass avvakunda addukuntunnaru ani maatram telusu  s%H# s%H# s%H#

[PMREDDY19]

US ki ippati varaku Prapancham lo techukuney Appu ki limit ayyipoyindhi..

Ippudu America yekkadi nundi ayina Appu techukovali antey....  e bill approve avvali,,

e bill approve avvali antey matram ikkada senators andaru oppukovali..


And that bill says The CAP on the limit of Debt will be raised..
ippatiki  vellaki oka $14 trillion edho limit untey , daani penchali anukunta..

e numbers naaku correst gaa telidhu kaani..

[bhrami]

[quote author=OM link=topic=219106.msg2698647#msg2698647 date=1312222136]
US ki ippati varaku Prapancham lo techukuney Appu ki limit ayyipoyindhi..

Ippudu America yekkadi nundi ayina Appu techukovali antey....  e bill approve avvali,,

e bill approve avvali antey matram ikkada senators andaru oppukovali..


And that bill says The CAP on the limit of Debt will be raised..
ippatiki  vellaki oka $14 trillion edho limit untey , daani penchali anukunta..

e numbers naaku correst gaa telidhu kaani..
[/quote]
@gr33d @gr33d @gr33d appu limit penchapothe country dewala tesinatuuu. So adhi cover cheyatnaiki appu limit penchukuntunaru, dani kosam bill

[PMREDDY19]

Source : [url=http://www.bbc.co.uk/news/business-14204527]http://www.bbc.co.uk/news/business-14204527[/url]

What is the proposed deal?

Under the the agreement, the US deficit will be reduced by at least $2.4tn over 10 years. The ceiling for US borrowing will be raised by about the same amount in two stages. A new Congressional committee to recommend further deficit-reduction measures is to be set up and report by November. Congressional leaders are hopeful the compromise will win the backing of both houses, but some Republicans and Democrats in the House of Representatives remain opposed for different reasons.




What is the debt ceiling?

There is a legal limit on the total amount of debts the US government can can run up in order to pay its bills - including military salaries, interest on existing loans, and Medicare. The current limit is $14.3 trillion (£8.9tn).

The cap was reached in May. Treasury Secretary Timothy Geithner was able to extend the expected day of reckoning to 2 August, by various tricks such as postponing payments into government pension schemes, and thanks to better-than-expected tax revenues.


Why can't the Obama administration borrow more?

Because it is not in Mr Obama's power. The debt ceiling is set by statute and can only be raised by Congress.

An overall borrowing cap was first introduced by Congress in 1917 to make it simpler for the government to finance its efforts in World War I.

Since then the ceiling has been raised dozens of times, and it is usually a formality.

Perversely, Congress also sets the government's spending commitments and tax-raising powers.

This puts the Obama administration in the impossible position of being required to spend more than it earns, while also being prevented from borrowing the difference.

What is the problem this time round?

The financial crisis and the US's fragile economic condition have caused government spending to soar, while tax revenues have suffered.

This has caused a big rise in the government's deficit - its rate of borrowing.

The Republicans, who control the House of Representatives, say they want to bring the deficit back under control, and have threatened not to raise the debt ceiling unless a deal is reached.



and more more on the source provided.. if u r intersted...

[Ranga_The_Donga]

oka vella bill pass avakapothey...consequences enti......???? sCo_^Y sCo_^Y sCo_^Y sCo_^Y

[PMREDDY19]

[quote author=Jeedeelu link=topic=219106.msg2698675#msg2698675 date=1312222459]
oka vella bill pass avakapothey...consequences enti......???? sCo_^Y sCo_^Y sCo_^Y sCo_^Y
[/quote]


US may rise alll the interst rates in .. so manaki kuda aa impact untundhi...

and moreover overspending govt Projects lo chala cut-offs untaayi....

[bhrami]

[quote author=Jeedeelu link=topic=219106.msg2698675#msg2698675 date=1312222459]
oka vella bill pass avakapothey...consequences enti......???? sCo_^Y sCo_^Y sCo_^Y sCo_^Y
[/quote]
they have to live with wat they earn and with in the limit lo appu which will not cover their essential needs so funds vundav, so job loss, closings etc

[dkchinnari]

[quote author=Bhrami link=topic=219106.msg2698679#msg2698679 date=1312222620]
they have to live with wat they earn and with in the limit lo appu which will not cover their essential needs so funds vundav, so job loss, closings etc
[/quote] CITI_$D# CITI_$D# CITI_$D# cry@fl cry@fl

[k2s]

sSa_j@il

[Gachibowli_Diwakar]

[quote author=OM link=topic=219106.msg2698678#msg2698678 date=1312222614]

US may rise alll the interst rates in .. so manaki kuda aa impact untundhi...

and moreover overspending govt Projects lo chala cut-offs untaayi....


[/quote][quote author=Bhrami link=topic=219106.msg2698679#msg2698679 date=1312222620]
they have to live with wat they earn and with in the limit lo appu which will not cover their essential needs so funds vundav, so job loss, closings etc
[/quote]so India chekkeyyatam ye best annamaata.. before the situation worsens  @$MN

[Ranga_The_Donga]

[quote author=OM link=topic=219106.msg2698678#msg2698678 date=1312222614]

US may rise alll the interst rates in .. so manaki kuda aa impact untundhi...

and moreover overspending govt Projects lo chala cut-offs untaayi....
[/quote]

but choosthu choosthu.....thadi gudatho citizens gonthu koyaru kadha......

so they have to approve it kadha.... sCo_^Y sCo_^Y sCo_^Y sCo_^Y

[k2s]

[quote author=Bhrami link=topic=219106.msg2698679#msg2698679 date=1312222620]
they have to live with wat they earn and with in the limit lo appu which will not cover their essential needs so funds vundav, so job loss, closings etc
[/quote] !q# !q# !q# !q#

[Ranga_The_Donga]

[quote author=Bhrami link=topic=219106.msg2698679#msg2698679 date=1312222620]
they have to live with wat they earn and with in the limit lo appu which will not cover their essential needs so funds vundav, so job loss, closings etc
[/quote] cry@fl cry@fl cry@fl cry@fl cry@fl cry@fl