Republican John Boehner

If the law that prevents the suspension of payments will be voted on this Thursday. The deficit reduction Act comes from the Republican hand. If approved it will go to the Senate, where Democrats can be knocked over. The White House urged Congress on Thursday to conclude the political circus with a commitment to avoid the suspension of payments before August 2 and reiterated that the Republican deficit reduction plan will be rejected by the Senate. Our opposition is any proposal that we return to this political circus again, because it has already had significant negative ctos in our economy, said Jay Carney, spokesman for the White House, in rrencia to the Republican plan whose vote is scheduled Thursday. The House of representatives votes, at the close of the markets, the plan promoted by its President, Republican John Boehner, posed by a reduction of almost a trillion dollars to the deficit over the next ten years. The Democrats, who are the majority in the Senate, and the White House they have opposed this plan mainly because it proposes to raise the debt ceiling in two phases, with a first that would conclude at the end of 2011 and the requirement of a new debate at the beginning of 2012, year in which the presidential elections will be held. We must get to work on something that can truly pass both Chambers (Chamber of representatives and Senate) with bipartisan support and can be ratified by the President, said Carney in his daily press briefing.

Return common sense to the American President, Barack Obama, already warned at the beginning of week the Republicans if the Boehner plan comes to his Office to be ratified, it vetaria it. Carney reaffirmed optimism from the White House that Congress resume common sense, so the compromise is reached. Obama has publicly endorsed the plan of the leader of the Democratic majority in the Senate, Harry Reid, essentially consisting of a reduction in the deficit of 2.2 billion dollars in the next decade and that It would allow the federal Government fulfill its obligations until 2013, i.e., until after the elections. With a Congress divided, both Chambers are trying to advance their plans to less than five days to enforce the time limit, and without that, at the moment, none of the two parties, neither Democrat nor Republican, give your arm twisting. In the meantime, the U.S. Treasury has confirmed the deadline of August 2 as the moment in which the federal Government cannot meet all its obligations, unless Congress approves lifting of the debt ceiling, now 14,29 trillion, which would have to decide who pays and who does not source of the news: The White House urges Congress to conclude the “political circus” and reach agreement on debt