US President Obama Signs Higher Debt Limit Bill
US President Obama signed the 2 day to raise the United States.
debt ceiling
and
Deficit reduction
Bill.
At this point, the US debt ceiling and government for months.
default risk
The discussion will come to an end.
On the same day, the US Senate voted 74 to 26 to raise the US debt ceiling and deficit reduction bill.
The day before, the house of Representatives passed the vote by a vote of 269 to 161.
bill
。
After the Senate voted, Obama delivered a speech at the rose garden of the White House, saying: "this is the first step to ensure that the United States is" living within its means "as a country.
It also enables us to continue to invest in education, research and other fields to create new job opportunities and to ensure that we will not overspend in a fragile economy. "
He urged Congress to take steps to boost economic growth, create jobs and boost consumer confidence.
The international rating agency Fitch announced on the same day that the United States reached a debt ceiling agreement to avoid the risk of government default and decided to maintain the highest AAA rating of the sovereign credit of the United States.
According to the US Treasury Department, the U.S. government's legal debt ceiling has exceeded $14 trillion and 290 billion in May 16th this year.
At present, the federal public debt of the United States accounts for more than 99% of GDP.
The financial sustainability of the United States remains worrisome.
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