The president of The United States of America along with the leaders of the opposition in the Congress have decided to increase the debt ceiling of America by the valuation of the two monthly statements in order to increase the existing level of the capacity which is valued at 31 trillion dollars. The agreement has been reached between the two leaders over the period of time after thorough negotiations has taken place between them. According to this latest conversation it is important to understand that the deadlock between the two parties has come to an end and both of them are working towards taking the United States of America out of the financial crisis it is suffering from. The final agreement has been reached between the parties over a 90 minute phone call that took place between them. It has been able to create an economic default over the period of time and has also been able to prevent a situation of bankruptcy of the country. This particular agreement was very important in order to ensure that the debt ceiling is properly scrutinised. The Treasury Department is failing to fulfil all the obligations. The annual output of the country has increased over the period of time.
This was the most difficult compromise that the country has entered into after a long period of time. The level of Defence spending has also increased over the period of time. This is one of the best examples of how the parties are responding to such a great problem that the country is facing. The world economy has been affected due to all of these incidents and the Global interest rate has also increased over the period of time. Inflation has taken a toll on the global economy and all of this has been due to the fact that the level of unemployment has increased to a great extent. The negotiations between the two leaders of the parties have been concluded And The Final Decision has been taken in the form of an agreement according to which the government spending will be reduced for the time being so that the government is able to divert the fund towards the full payment of the obligations which have been imposed upon the same. This is one of the most important parts of the agreement that has been taken into account.
This development will help to manage the status of all the countries over the period of time and at the same point of time with the financial burden of America for the time being. This will help to increase the level of security that the investors of the American companies want in order to invest in the country so that the economic growth takes place to a great extent.