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THE NEED TO RAISE U.S. DEBT LIMIT

2011-07-26 06:00:00 / 綜合報導 /
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Global markets were not looking too good on Monday, with investors fearing that the debt limit talks will not succeed. The congressional leaders from both democratic and republican parties have met to come up with a plan to raise the debt ceiling. Without raising the $14.3 trillion U.S. dollar debt limit by August 2nd, the U.S. Treasury could run out of money to pay the bills, which may result interest rates to go up, the dollar to decline, while threatening the economic recovery.
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