Wednesday 2 October 2013

US Treasury Starts Last Measure

The confrontation between Republicans and Democrats on the budget from the financial crisis in the United States, the Ministry of finance to save the last stakes games. American Finance Minister Jack Lew said that Government borrowing in furtherance of legal force last date. this Government October 17, even after a few more days will get a deferment of running costs.

MPs Ministry of Finance Minister said in the letter sent to the Government to stop the Currency Exchange Fund reinvestment is at the moment besides the federal financing bank, civil service retirement and disebiliti Fund with debt swap agreement. Lew has made clear that these initiatives government lending 16.7 trillion dollar could use a bit more, but, October 17, after it expired. If the date of both political parties could not settle so the economy died.

The letter urged the MPS they Lew partisan interest to understand their responsibilities and keeping up on any agreement in order to increase the Government's borrowing capacity. its not only the Finance Ministry increased cash and will get revenue. non-public policy Center estimated that October 18, five are completed between several liabilities as well as of November.

Liu said that starting from October has brought fiscal year expenses which could not pass the Bill, government offices began layoffs in Government's lending capacity but it has no bearing on the instant case.

The delay in ending the impasse

New York-another political deadlock began with layoffs. day is passing on u.s. stock markets on Wednesday hit the fair. the Government of all index fall by 15 November 2009. the Obama government agencies to continue presenting a new Bill costs. the impact of the economy and market experts say layoffs will be far-reaching on the market.