Integrated media reported on March 1, to avoid bankruptcy agreement the U.S. government on February 28 last surfaced in Congress, but the short-term measures can not be solved in the Democratic Republic of the federal government spending caused by the hard-fought between the two parties.
Members of Congress leave the end of last week, back to work. Committed to put pressure on Republicans to cut spending Obama (Barack Obama), asking him to accept the cuts in the next two weeks, spending $ 4,000,000,000 proposal.
Senate Republican leader Mitch McConnell (Mitch McConnell) said: "This week, Democrats have the opportunity to prove that they have to understand the situation, you can prove that they agreed to change the status quo of the time has come."
Government funds will be Friday (March 4) "weaning", before this Congress must strive to avoid a bankruptcy court to the passport office and so on all government agencies to close down. Republican-controlled House of Representatives is scheduled from 1 vote later held to the agreement. Most Democrats remained silent on this, but many Democrats said the Republican plan over the weekend may be worthy of acceptance.
The White House said the government shut down the possibility of smaller and smaller. White House spokesman Kearney (Jay Carney) 28 said Tuesday, "We believe that we are marching in the right direction."
This proposal will allow members more time to win, based fiscal year (ending September 30) the level of the rest of the financing agreement. However, financial markets, arms contractors, local governments and ordinary people of the United States is concerned, the proposal did not alleviate the uncertainty in their minds. They are still confused, do not know may be dominated U.S. politics in the 2011 budget battle on how they are affected.
MF Global analyst Chris Krueger said, is committed to reducing expenditure by the Tea Party Republican fiscal conservatives to support them in this war in a good position. The question now is not whether to cut expenditure, but rather by more or less.
In the 1995/96 budget impasse led to the closure of the incident, the Republicans lost the war in public opinion. But the February 28th release of a survey, more voters blame Democrats (29% to 23%).
House Majority Leader Cantor (Eric Cantor), said at a news conference: "We do not want government to stop running, because the American people do not want to. The American people want to see the government cut spending, just as they do their the same work or home. "
Democrats warned that the unemployment rate topped 9% in the case of the Republican Party on February 19 of the 61 billion U.S. dollars through reduced expenditure bill - about the remainder of the fiscal year based non-military government spending of 25% - will give vulnerable The economic recovery hit. Obama also told the 28 state governors, everyone should do at the expense of preparation, is expected to help solve the 2011 record high of 1.65 trillion budget deficit.
Goldman Sachs (Goldman Sachs) said last week that the Republican bill adopted by the young will lead the U.S. economy grew by 2 percentage points by 2011. Well-known economist Mark Zandi (Mark Zandi) also estimates that the bill would lead the United States before the end of 2012 the loss of 700,000 jobs. He pointed out that the drastic spending restraint is essential, but taking into account the economic recovery is still weak, creating enough jobs in the U.S. unemployment rate drop, significantly reducing expenditure will be counterproductive.
This is the reason of Government Shutdown.
