Treasury: U.S. national debt has reached maximum level

U.S. Treasury Secretary Timothy Geithner said that the public debt of the United States has set for him by law limiting the level of 14.3 trillion. U.S. According to Geithner, he had already begun taking steps to avoid default, according to ITAR-TASS. The first such measure was the suspension of government contributions to the two largest pension funds of state employees. The minister said that this and other such technical measures will allow the U.S. to avoid a default is not longer than until August 2. Geithner has once again called on Congress to increase the allowable level of debt. However, the leadership of the Republican opposition in the legislature until the states that agree to it only when the execution of some of its economic demands, including a drastic reduction in budgetary expenditures. Finance Ministry plans to announce the end of the issuance of debt obligations, which along with other measures should allow the U.S. to avoid a default prior to the time when the Government agreed with Congress on the program to reduce the budget deficit. On the eve of Barack Obama warned that failure to raise the limit goszaimstvovany U.S. could lead to a deep recession in the country.