Congressional Office

Posted March 9th, 2013 by Bryan

The country is threatened with suspension of payments if an agreement is not reached. The friction between Democrats and Republicans is the duration of the agreement. the biggest risk for the country is the debt long term, saegun Standard & Poor s. The accusations between Democrats and Republicans increased Wednesday with the closing of rows around two parallel plans for deficit reduction in a new chapter of the debt crisis of EE UU that threatens the country with the suspension of payments. The budget of the Congressional Office (CBO), agency responsible for analyzing the costs of laws, issued two reports which claimed that cuts including both the Republican plan and the Democrats were publicly announced under. Last night, the CBO put the reduction of expenditure raised by the plan that drives the Republican Chairman of the House of representatives, John Boehner, 850,000 million dollars, i.e. 350,000 million less than the 1.2 billion originally advanced. Subsequently, this morning the body of Congress understated also the volume of trimming of the plan presented by the leader of the Democratic majority in the Senate, Harry Reid, from 2.7 billion to 2.2 billion.

However, neither party showed signs of yielding to six days that met the deadline of August 2, in which the U.S. Treasury has announced that the country would be forced to declare suspension of payments, not to approve a lifting immediate debt ceiling, currently located in 1 $ 4.29 trillion. Boehner accused the Democrat plan contain tricks ctistas, while Reid said that the plan would be dead to the Senate’s Democratic majority, since any Senator from his party would vote for it. The Republican leader also announced that he postponed for tomorrow, Thursday the vote of his plan, scheduled in principle for today, with the aim of gaining time and convince several congressmen of the Tea Party, the most conservative wing of his party, which criticizes its plan as too soft.

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