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| Financial firms raising alarm over US debt ceiling |
| 2017-09-04 |
| [Iran Press TV] American financial firms are expressing alarm over fears that an increasingly dysfunctional US Congress may fail to reach an agreement to raise the country’s debt ceiling. Bitter divisions among Republican Party politicians and President Donald Trump ...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and what ever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States... ’s unpredictability could rule out a deal to raise the US debt limit before an October deadline, several lobbyists representing dozens of bankers, investors and credit rating agencies, told Rooters. Trump’s attacks on members of his own party and his failure to denounce white supremacists at a violent protest in Charlottesville, Virginia, this month, has raised questions over the president’s ability to build consensus on the debt limit, one bank lobbyist said. "Everyone is very worried," he added. The debt ceiling is a legislative limit on how much money the federal government can borrow from the US Treasury Department to fund its budget deficits and meet financial obligations. "The stakes here are incredibly high. The economic impact associated with debt default is so immense," said Rob Nichols, president and CEO of the American Bankers Association (ABA), one of the country’s key financial lobby groups. "We’re monitoring this extremely closely and we will mobilize as needed throughout September," he added. |
| Posted by:Fred |
| #6 It's good of the Iranians to be so concerned about what out thieving bankers think about our thieving government. |
| Posted by: ed in texas 2017-09-04 14:07 |
| #5 The existing debt can never be paid off & will never be paid off. This is an impossible situation and will not last forever. But then neither will we. |
| Posted by: Anguper Hupomosing9418 2017-09-04 11:15 |
| #4 Yep, those are the financial firms who's members rotate between their offices and those of the Treasury and Fed. The ones that have been inflating the economy since 2008 so all those mortgage paper and notes that went underwater are now back to their book values while we pay double for basic commodities (which strangely are not counted in the inflationary measure). |
| Posted by: Procopius2k 2017-09-04 08:18 |
| #3 American financial firms are expressing alarm over fears that an increasingly dysfunctional US Congress may fail to reach an agreement to raise the country’s debt ceiling. Bad news for them - good news for everybody else? |
| Posted by: g(r)omgoru 2017-09-04 05:23 |
| #2 Step 1: Put Congressmen on Obama Care and cut their salaries and perks in half. But offset that by giving them more holidays away from DC. Step 2: Fire 70% of public employees (because they are unnecessary, considering that in 1960 only around 5% of American workers were in the public sector and now it's 20%). Step 3: Deport the illegals, and put the head of any business that hires illegals into hard-time jail for five years. Step 4: Decrease the pay of remaining public employees to be no more than what an average private worker makes. Step 5: Oblige the fired hacks to choose between a) whatever jobs they can find in an illegal-free hiring environment for whatever pay that gives, or b) economic oblivion. At which point the debt ceiling becomes way, WAY less of a big deal. |
| Posted by: no mo uro 2017-09-04 05:12 |
| #1 Step 1: Put Con |
| Posted by: Hupeting Sforza8196 2017-09-04 00:41 |