Federal Reserve Chief Ben Bernanke has said a defect could cause a "major crisis" standard & poor has become the most recent ratings agency to issue a warning of a possible descent into debt rating United States.He said that there was an opportunity to "one in two" that can cut the United States AAA rating if an agreement to raise the Government's debt ceiling is not agreed before.
The warning comes as talks between the parties in Washington were not able to reach a consensus on the issue.
United States has until August 2 to increase the limits of government loans.
"Today's CreditWatch placement signals our view that, due to the dynamics of the political debate on the roof of the debt, there is at least one chance of one in two who could down rating to long-term United States in the next 90 days," the Agency said.
The Agency added that it concerned the talks between the Government and the opposition had "more entangled it" and the two parties do not move their respective positions.
"Accordingly, we believe there is a growing risk of deadlock lasting substantial policy beyond any agreement in the short term to raise the debt ceiling," S P & explained.
So-called situation continue reading the main storybelieve that the impossibility of reaching an agreement now could indicate that an agreement for several years "end quote standard & poor by the stalemate between the parties, the Government may find itself in a precarious situation."
If you find you cannot ask for more money, it is likely that the Government can make bill payments in cash, bonds and other securities in the hands of investors.
S P & said that in this scenario, the Government may be forced to reduce recurrent costs in an attempt to avoid such default.
He warned that such a measure would have a negative impact on the American economy.
"We believe that the effect on consumers, the confidence of market sentiment, and thus economic growth likely to be harmful and long-lasting," he explained.
The Agency said that while cutting public spending to dent the confidence of consumers, a default in payments implications much higher.
"If the Government fails to comply with a scheduled debt payment, we believe the effect would be even more significant, and according to our criteria, dip in the standard & poor's ratings in the long term and short term United States", said.
The long-term solution?The United States public debt has grown from $10. 6tn (￡ 6. 5tn) in January 2009 to. 3tn 14 dollars at the end of May 2011.
Economists have warned that the biggest economy in the world must find a long-term solution to contain rising levels of debt.
President Barack Obama has proposed a plan of $4tn in reducing the budget deficit over the next 10 years, but the Republicans have rejected and other proposals because it calls for raising taxes.
On Thursday, President Obama him to legislators who wanted an agreement on a settlement of debt within 24 to 36 hours, according to aides.
The comments came a fifth straight day of negotiations between the parties was able to make a breakthrough. The President intends to hold a press conference to discuss the talks agitated in 1100 (1500GMT) Friday.
S P & warned that if the US authorities are not able to agree on a plan of consensus, the problem may persist years come to harm the American economy.
"U.S. political debate is currently focused on the need for fiscal consolidation of medium-term than it has been for a decade," said.
"Based on this, we believe that the impossibility of reaching an agreement now could indicate that an agreement for several years."
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