Republican John Boehner
There are many crises which can not be foreseen, but the solution is in our hands, said the U.S. President. The Republican plan proposes a cut in the expenditure of nearly a trillion dollars in the next ten years and would raise the debt ceiling. Obama and Democrats demand an agreement with cuts of 2.2 billion. The President of the United States, Barack Obama, urged delegates to reach a bipartisan compromise on the debt as a solution to avoid the suspension of payments before the deadline of August 2 this Friday. There are many ways out of this mess, but is barely time left us () is the moment of commitment, said Obama in a televised speech, after last night stay blocked the vote in the Congress of a plan to raise the debt ceiling. There are many crises which can not be foreseen, but the solution is in our hands, said the U.S. President.
Despite the call from Obama, there seems no output immediate debt crisis since the President of the House of representatives, Republican John Boehner, announced its intention to tweak their plan, rejected this Thursday in the absence of support from the Tea Party, to put it again to the vote this Friday. The U.S. President said the Boehner plan is not a solution, since it is a proposal that the Senate’s Democratic majority, will not go and make us relive this debate in a few months. The Republican plan proposes a cut in the expenditure of nearly a trillion dollars in the next ten years and would raise debt, currently at $ 14.3 trillion ceiling, until the end of this year but would force a new vote at the beginning of 2012. Obama and Democrats demand a broader agreement, which includes cuts of $ 2.2 billion over the next decade, and in return would increase the debt ceiling until 2013. Obama stressed Friday that the distance between both plans is not so big He urged members of Congress to find points in common. Finally, remarked: despite all the intrigue and drama that is taking place in the Capitol now, I trust that common sense and cool heads will be imposed. The United States Treasury has reiterated that on 2 August is the date on which the Government would be no funds to meet their obligations so, not to approve the stop rising, should decide who pays and who does not. Source of the news: Obama returns to ask Congress a “commitment” to avoid the suspension of payments
