Debt ceiling (Nợ trần)
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Debt ceiling (Nợ trần)
Chuyện của nước Mỹ nhưng ảnh hưởng thế giới ngày hôm nay
If the government is no longer able to borrow, it would not have enough money to pay all its bills in full and on time – including interest on the national debt. So it would likely have to temporarily delay payments or default on some of its commitments, potentially affecting Social Security payments, veterans’ benefits and federal employees’ salaries, among others.
But no one knows exactly how Treasury would handle the situation since it has never happened.
A default would also wreak havoc on the US economy and the global financial markets, as well as raise borrowing costs. Even the threat of one in 2011 caused the only credit rating downgrade in the nation’s history.
Recent contention in the House speaker election has raised concerns about whether McCarthy will be able to corral Republican hardliners – who see a potential default as a way to force the government to cut back spending – and negotiate a deal with Democrats, who oppose any reductions.
McCarthy said on Fox on Sunday that now is a good time to “look at the places that we can change our behavior” because “what we’re going to do is bankrupt this country.”
But the White House last week said that it would not offer any concessions or negotiate on raising the debt ceiling.
Meanwhile, House Republicans are preparing contingency plans that would tell the Treasury Department which payments to prioritize if lawmakers can’t agree to address the debt ceiling.
Why does it matter?
If the government is no longer able to borrow, it would not have enough money to pay all its bills in full and on time – including interest on the national debt. So it would likely have to temporarily delay payments or default on some of its commitments, potentially affecting Social Security payments, veterans’ benefits and federal employees’ salaries, among others.
But no one knows exactly how Treasury would handle the situation since it has never happened.
A default would also wreak havoc on the US economy and the global financial markets, as well as raise borrowing costs. Even the threat of one in 2011 caused the only credit rating downgrade in the nation’s history.
Will Congress raise the debt ceiling?
Recent contention in the House speaker election has raised concerns about whether McCarthy will be able to corral Republican hardliners – who see a potential default as a way to force the government to cut back spending – and negotiate a deal with Democrats, who oppose any reductions.
McCarthy said on Fox on Sunday that now is a good time to “look at the places that we can change our behavior” because “what we’re going to do is bankrupt this country.”
But the White House last week said that it would not offer any concessions or negotiate on raising the debt ceiling.
Meanwhile, House Republicans are preparing contingency plans that would tell the Treasury Department which payments to prioritize if lawmakers can’t agree to address the debt ceiling.
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8DonCo
Re: Debt ceiling (Nợ trần)
The GOP thích loa cứ loa, có đủ phiếu con mẹ gì mà cứ la làng . I'm very disappointed with the GOP (I used to prefer GOP over DEM). Thằng Santos is a fraud vẫn cho nó làm ngon lành, lấy tiền thuế mình pay cho nó $175,000/yr, mẹ khiếp!
Rice
Re: Debt ceiling (Nợ trần)
1 là tăng nợ trần, 2 là cắt chi phí để trả nợ, chiều nay sẽ biết
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8DonCo
Re: Debt ceiling (Nợ trần)
Debt ceiling is a controlled process of governmental spending to have a balanced budget. I believe that USA is the only country adopts the practice of debt ceiling. This is the practice of good-faith accounting practices. No big deal.
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LOCK CHUMP UP !
HEY CHUMP! YOU'RE FIRED
CHUMP AKA THE BIG LIE
Tu* Khoai
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