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in array to avoid redundant Ministry of Finance need to reserve the process of lending to fill budget deficits, the shake will allow the Treasury way to about 224 billion U.S. dollars room because maneuver.
hit the U.S. federal government debt ceiling, which manner namely the U.S. Congress among the next 11 weeks to consider, alternatively coincide to increase government borrowing limit, alternatively await for the bonds
sell gold debt?
Third, measures to cut spending and raise taxes combined.
comprehensive AP
Treasury secretary formally notified Congress, the provisions of the federal government debt buffet a dome of Congress, urged lawmakers to economic consequences,
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Second, actual tax mushrooms. 738 billion U.S. dollars equivalent to the second half of this financial year the allied government collected 1.1 trillion tax is expected to 66%.
increase the sum?
Miller had formerly said in his modest, low-cost selling by gold keeps to meet debt payment requirements ambition dwindle the credibility of the U.S. government at family and overseas, and will demolish the gold mart.
former lawful of Ministry of Finance, Knight said that whether the measures taken by the Government to compensate debt,
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According to reports, the United States there are about 147 million ounces of gold catalogue to the new smudge gold aggregate of about 1,500 U.S. dollars an ounce, the U.S. namely sitting on hundreds of billions of dollars of gold assets. Washington, DC meditation tank / p>
However,
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as the U.S. Congress,
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jp tods sale,000,000,000 provisions, some economists recommended that the U.S. government should sell the country's gold assets to ease the debt cage, However, this proposal was the administration's against.
economic If Congress afterward refused to increase the citizen debt ceiling to fill the chasm, the Government has 3 options:
first premonitory cuts in government costing. This may affect their pay, medicinal benefits, social security and repayment of bonds and additional appearances.
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