Tuesday, April 12, 2011

USD:Obama is set to change course to reduce costs

Suspension of the U.S. government managed to escape on Friday with a compromise budget approved at eleven o'clock. However, this event lit up even more questions - to increase the limit of public debt to 14.3 trillion. dollars, which is expected to be reached within a few weeks. Republicans in Congress are still calling for even deeper cuts in state. cost to justify their votes for the increase in national debt limit straps. In turn, the White House to quickly change course, as more fully the nation on Wednesday will tell the president. In his message, most likely, it will include a plan to reduce spending on Medicaid and Medicare, raising taxes and reducing spending on defense. So far, Treasuries market has not reacted to this change of course, fueling the belief that eventually a deal will be reached, even if not in the near future.


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