日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

 

US House raises debt ceiling by 290 billion dollars

0 CommentsPrint E-mail Xinhua, December 17, 2009
Adjust font size:

The U.S. House of Representatives voted on Wednesday to raise the 12.1-trillion national debt limit by 290 billion U.S. dollars.

House lawmakers approved the small increase in the debt ceiling by a narrow margin of 218-214. Not a single Republican lawmakers voted for the measure.

Many Republicans argued that increasing the debt ceiling was giving the Democratic majority and the Obama administration a license to spend more money.

As of Tuesday, the amount of debt on Treasury's books was 12. 016 trillion. If the debt ceiling isn't increased by the end of this year, the nation could default on its debt.

That would unleash a chain of events that could devalue U.S. bonds and seriously harm the U.S. reputation with creditors around the world, according to U.S. media.

The deficit for the 2009 fiscal year, which ended on Sept. 30, set an all-time record in dollar terms of 1.42 trillion dollars, tripled last year's record.

Some lawmakers believe that the federal deficit would be unsustainable if the government did not impose fiscal discipline.

"We should not be asking for more credit, we should be developing a plan to pay down our deficit so that future generations are not trapped under this mountain of debt," said Republican Representative Dave Camp.

 

Print E-mail Bookmark and Share

Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Comments are moderated and generally will be posted if they are on-topic and not abusive.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 澄江县| 沂水县| 祥云县| 邹平县| 恩施市| 如东县| 河源市| 盐山县| 岳普湖县| 襄城县| 罗山县| 隆德县| 凯里市| 清水县| 乐东| 武隆县| 孟村| 广德县| 秀山| 伊川县| 肃北| 绥化市| 临朐县| 苗栗市| 谷城县| 米泉市| 长宁区| 景德镇市| 库车县| 花莲县| 义乌市| 怀远县| 沂源县| 玉山县| 韶山市| 克东县| 涿州市| 乌苏市| 建始县| 双辽市| 贡嘎县|