Obama says both U.S. parties reach debt ceiling deal

09:58, August 01, 2011      

Email | Print | Subscribe | Comments | Forum 

U.S. President Barack Obama said Sunday night that he has reached a debt ceiling deal with Republican and Democratic leaders to stave off a debt default crisis.

A bipartisan plan could help lift the cloud of uncertainty over the U.S. economy and financial markets, he told a press conference.

Obama urged U.S. lawmakers to approve the debt ceiling compromise plan in next few days.

The U.S. federal government's borrowing limit, currently at 14.29 trillion U.S. dollars, was reached on May 16. The Treasury Department said the it would run out of cash to pay its bills unless Congress agreed to raise the limit by Aug. 2.

Source:Xinhua
 
 
  Weekly review  
 
 
 
     
 
 

(Editor:刘晓宁)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Finnish people attend anti-violence rally to commemorate victims of Norway attacks
  • Village clinics serve farmers in SW China
  • Manuel Neuer named as German Footballer of Year
  • Global Indigenous Peoples Performing Arts Festival held in Taipei
  • Soldiers drilled to improves military skills in E China
  • 13th Animation-Comic-Game HK kicks off
Hot Forum Discussion