Republican budget-trimming

Republicans seek to attract public support in the United States (USA) on trimming budgets. The President of the U.S. HOUSE Republican John Boehner urged politicians in support of plans to cut the budget.

Boehner has launched an appeal to the representatives of the Republican party. Although, according to the AP and AFP Thursday (29/7/2011) press the White House has threatened to veto the plan and the figures of the Democratic Party in the Senate declared rejected.

Meanwhile, outside the House of representatives of the United States, concerns intensified because there is a presumption of the U.S. Government will be unable to obtain the authorization to increase the debt. Because of these concerns, the financial markets on Wall Street, Wednesday (7/27/2011) has experienced the worst commercial during the past two months.

Status in the process of disappearance of default America if the threshold of the national debt is raised not later than August 2.

The Federal Government U.S. budget deficit of more than 1.5 trillion US dollars earlier this year. The total national debt reached 14.3 billion US dollars.

In its plan, Boehner suggested that the US deficit is deleted in the range of U.S. 917 billion in 10 years and the maximum debt limit of $ 900 billion.

Even if it held negotiations is a lot in recent weeks, members of the House of representatives of the United States has not yet reached agreement on the increase in the limit of the national debt.

The Dow Jones index leading shares was down 1.59% at the end of Wednesday (7/27/2011) points. In the meantime, index S & P 500 weakened 2.03 per cent and the Nasdaq technology SAG 2.65% stock.

In recent decades, the United States Congress raised the limit on the authority of the Federal Government must as much as a dozen times and the approval process can take place as a regular event.

However, this year the conservative circles of the Republicans in Congress require that a budget deficit has been substantially reduced as an increase in debt was launched.

In a related development, members of the Senate of United States with the creosotetreated Republican votes on a proposal they ask of the increase in the limits of the national debt and budget deficits.