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Meeting of the American economic recession hit the United States Vice President, Joseph Biden with a delegation of Republicans in Congress, failed and ended without reaching any agreement.
Fars news agency quoted the Fox New reports say, Biden failed to persuade lawmakers to agree on solutions enhance the government's debt limit. Level of U.S. government debt will reach its limit at the beginning of the next August and when the time comes and the government of the United States can not find a solution, then the administration of President Barack Obama will be declared bankrupt.
In conversation, Biden begging Congress fails to approve tax increases that would increase government revenues. Following the deadline approaches, Biden and the U.S. Treasury, Timothy Geithner, a closed session for half an hour with a high level delegation of Congress, discussed the plan to increase taxes.
Government proposals to raise taxes Obama is firmly opposed by the Congress at a time when America is currently facing an economic crisis. United States Senate majority leader from Virginia, Eric Cantor,who represents the Republican camp stated, "The government's efforts to increase taxes in the House in Republican hands, will not be approved.
An increasing number of government debt and the continuing economic recession in the United States, increasingly eroding the savings credit of this country.
Coorperation Moody, an international financial research firm and commercial analysis in the United States some time ago, warned of the risk of increased government debt, and if Congress does not reach an agreement in this case, then Washington will be declared bankrupt.
Fars news agency quoted the Fox New reports say, Biden failed to persuade lawmakers to agree on solutions enhance the government's debt limit. Level of U.S. government debt will reach its limit at the beginning of the next August and when the time comes and the government of the United States can not find a solution, then the administration of President Barack Obama will be declared bankrupt.
In conversation, Biden begging Congress fails to approve tax increases that would increase government revenues. Following the deadline approaches, Biden and the U.S. Treasury, Timothy Geithner, a closed session for half an hour with a high level delegation of Congress, discussed the plan to increase taxes.
Government proposals to raise taxes Obama is firmly opposed by the Congress at a time when America is currently facing an economic crisis. United States Senate majority leader from Virginia, Eric Cantor,who represents the Republican camp stated, "The government's efforts to increase taxes in the House in Republican hands, will not be approved.
An increasing number of government debt and the continuing economic recession in the United States, increasingly eroding the savings credit of this country.
Coorperation Moody, an international financial research firm and commercial analysis in the United States some time ago, warned of the risk of increased government debt, and if Congress does not reach an agreement in this case, then Washington will be declared bankrupt.
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