1 August 2011
It should be noted that in order to avoid financial default, the Congress must approve the deal on raising the $US14.3 trillion debt ceiling by Tuesday.
Obama confesses it’s not the plan he may call perfect, but he admits its great importance: «The main thing is that it will help us avoid default and the potential financial crisis».
Such news became a relief for many investors, hoping the U.S. will get through this soon. Many economists believe the very fact that a debt ceiling compromise was achieved is already a good sign and a great first step on the way to economic stabilization.