U.S. debt will reach the maximum allowed

[Lilalbertus]

WASHINGTON (AFP) - The state religion of the U.S. Federal Bureau Monday the maximum allowed by Congress for refusing parliamentarians at the present time raise this ceiling.

And warns the U.S. Treasury since the beginning of April that religion purring along the ceiling to 14 297 billion dollars in the May 16, what will be prevented from borrowing more money.

And urged the government to no avail Congress to lift this limit, however, parliamentarians are divided on the subject, as Republicans demanded by such a measure to achieve "savings worth thousands of billions," according to the president of the House of Representatives John Boehner, which is considered a serious Democrats.

The Ministry of the Treasury in its power to keep the debt below the ceiling until the second of August through a number of accounting arrangements.

He said Treasury Secretary Timothy Geithner, Friday, "including that Congress has made no move yet, ve have to proceed in the application of a series of extraordinary measures that would give him some extra time to raise the debt ceiling."

In the case skip the debt ceiling, this would be a disaster, it is calculated as the dimensions of the United States will be unable to fulfill their debts.

Said Aaron Cooley, a specialist in Treasury bonds with Nomura Securities, told AFP that "the seriousness of the issue to make people believe that they will not get, then it would have a nuclear bomb on the financial level."

Does not reflect the market situation any concerns so far.

Scott Atkinson said the site "Breving. Com" online financial "in relation to Palmrdod, it is lower than it was a month ago, the market is acting as if there was any problem."

Said David Wyss, head of economics at the credit rating agency "Standard & Poor's," The Treasury "can continue to work until August," giving Congress a deadline to reach an agreement, in the case that the crisis, the government "will give priority to debt service."

He confirmed to AFP: "It is clear that there is no risk of default on repayment of the debt."

The Standard & Poor's lowered in the April 18th forecast for the classification of U.S. debt from "stable" to "negative", saying for the first time that there is only one possibility out of three that the state loses federal brand top "AAA" during the next two years.

However, the issue of the debt ceiling had no effect on this resolution since it considered that the Agency is unlikely to drag the problem.

He warned the central bank, Ben Bernanke of any obstruction and announced before the Senate committee Thursday that "not to raise the debt ceiling in a logical time-out approach is fraught with danger."

"The cost of such an approach would be a minimum increase in interest rates will lead to the aggravation of our inability to practice."

According to Treasury figures, the debt subject to the maximum reached 14 256 billion dollars on Thursday evening, leaving a margin does not exceed $ 38 billion before reaching the ceiling.

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