Author`s name Dmitry Sudakov

America postpones financial collapse yet again

U.S. President Barack Obama signed the bill, approved by the Congress, providing for the temporary resumption of funding for public institutions. The bill also raised the debt limit.

The law provides for the funding of state institutions before 15 January 2014 and the expansion of the limit on borrowing before February 7. In addition, it is expected that representatives of both houses of the Congress will hold talks on the funding and announce results by 13 December 2013 . 

At the meeting of the Senate of the Congress, 81 senators voted for the bill and 18 voted against it. The House of Representatives voted on the same bill afterwards. Thus, the budget compromise was supported by 285 members of the Congress, including all 200 Democrats. As many as 144 people, mostly Republicans, were against it.

Meanwhile, the media have reported interesting details about the meeting of the Congress. According to the Associated Press, prior to the announcement of the vote on the budget, a stenographer of the House of Representatives showed inappropriate behavior. It all looked as if the woman fell into a frenzy. The stenographer, who had a long experience of working in the Congress, came up to the podium and began to shout strange phrases.

According to witnesses, her phrases were about the devil, the split of the house into two. She also said that the country was founded by Freemasons - enemies of God. As a result, security took the woman out of the hall, while she was screaming "Praise the Lord Jesus Christ!"

However, the incident did not prevent the vote, which began immediately after the scandal. Analysts point out that the Senate reached the agreement that did not provide for major concessions from Democrats and the administration, including the health program, known as Obamacare.

According to American political scientists, the current compromise has become a political victory for Democrats and the Obama administration. However, the decisions can only push back the time of the financial crisis.

The American shutdown that started on October 1, cost the economy 24 billion dollars, rating agency Standard & Poor's said. According to the agency, the rate of economic growth during this period decreased by 0.6 percent. Earlier, it was reported that the closure of public institutions cost the budget $ 1.6 billion a week. The losses will significantly affect the growth of the US economy in the fourth quarter.

On October 1, the U.S. government suspended the activities of government agencies in connection with the failure of the Congress to adopt the budget for the new fiscal year. As a result, about 800,000 federal government employees had to go on leave; about one million others were left without salaries. The U.S. debt ceiling of $16.7 trillion was reached in May. The US Treasury had to resorting to emergency measures to avoid default. Those measures were supposed to stop working after October 17, 2013.


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