The White House and lawmakers have been hunting for an agreement that would raise the $14.3 trillion dollar US debt ceiling while making deep spending cuts aimed at reining in the galloping US budget deficit.
The US economy hit its debt limit on May 16 and has used spending and accounting adjustments, as well as higher-than-expected tax receipts, to continue operating normally — but can only do so through midnight Tuesday.
Business and finance leaders have warned default would send crippling aftershocks through the fragile US economy, still wrestling with stubbornly high unemployment of 9.2 percent in the wake of the 2008 global meltdown.
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How to cope as we tinker on the edge
1. write down your goals
2. work out what you can control
3. focus on what you can control
4. know what you should be doing
5. then do it..
6. Have Faith and Optimism (Optimists live longer, happier lives than pessimists….and get more sex..(OK I made that last bit up..))
7. Get yourself a copy of my latest report and check out the piece on KNOW-DO or DO-NO Matrix and minimising or eliminating your Future Fortune Blind Spot
Have faith, at the last hour, a solution will emerge..
As the saying goes ‘often it takes an EMERGE-NCY for the solution to EMERGE..’
That’s why it’s called THE LAST HOUR…
In the last hour, someone shifts, and everything shifts, and a breakthrough occurs..
It will be a good start to your week at least..
POST SCRIPT: I note the deal has now been done… As predicted, at the last hour… read on from the West Australian newspaper site..(Source thewest.com.au )
With barely a day to act, a polarised US House of Representatives has approved a massive austerity plan to avert a debt default that could have wreaked havoc through the global economy.
After intense round-the-clock talks, the Republican-led House voted 269-161 on Monday on a package backed by President Barack Obama to raise the limit on the US debt and authorise at least $US2.1 trillion ($A1.92 trillion) in spending cuts over the next decade.
I’m sure that will be another topic around water coolers, coffee shops and dinner tables.
All of which is interesting, but not part of a Circle of Influence…
Until next week..
Have a good one.