Suspense Crime Sach Ka Dam
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US President Joe Biden and US Speaker Kevin McCarthy agreed to raise the debt ceiling in a 90-minute telephone conversation. Because of this, the economic crisis that was hovering over America and the whole world has been averted. The danger of US default has also been averted.
Significantly, if this agreement was not agreed, then there was a possibility that America’s coffers would be empty and because of this America could default. Which was likely to affect not only America but the whole world.
According to House Speaker McCarthy, he will speak to US President Joe Biden again on Sunday and a vote on the bill is expected on Wednesday.
Earlier, Treasury Secretary Janet Yellen warned that the debt-raising agreement must be finalized by June 5.
According to sources, under the agreement, the loan limit has been canceled till January 2025. Due to this, the situation will be similar to the current year in 2025.
No conditions have been laid down for the medical beneficiaries under the agreement. However, in America’s Food Assistance Program SNAP, the age limit has been reduced to 54 years. However, it will be gradually implemented by 2030.
Apart from this, another arrangement has been implemented in the agreement. Under which the Annual Appropriation Bill of 2024 is to be completed. If the bill is not passed, it will be reduced by one per cent.
Significantly, China and Japan are the largest foreign investors in US government debt. Foreign governments hold $7.6 trillion in US government bonds. Out of which 25 percent is with China and Japan. US Treasury bonds are considered the safest in the world.
Japan’s investment in US government bonds is $1.1 trillion, while China’s is $870 billion. Britain’s investment in US government bonds is $655 billion.
