© Reuters. Standard & Poor’s expects to reach an agreement on the US government debt crisis
Arabictrader.com – Rating agency Standard & Poor’s expected that the US Congress will be able to reach an agreement on the government debt ceiling crisis in time, adding that Congress may agree to raise the US government debt ceiling or perhaps suspend it to avoid an economic disaster scenario.
The agency indicated that the US Congress during the last period issued a lot of legislation to raise or suspend the government debt ceiling, despite the political skirmishes between the Republican and Democratic parties, adding that it would be unprecedented for the United States to fail to meet its obligations and default on debt payments.
It should be noted that in August 2011, Standard & Poor’s credit rating agency decided to downgrade the US credit rating due to political risks in front of US budget deficit bets. United.
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