2015-11-03

Obama wins U.S. debt-limit,

Obama wins U.S. debt-limit, budget truce through end of presidency.

Without action by Congress, the Treasury Department would have exhausted the last of its borrowing capacity on Nov. 3, according to Treasury Secretary Jack Lew, and risked default on U.S. obligations within days that would roil global financial markets.

The two-year budget provision provides new top-line spending levels for Congress for the fiscal year that began Oct. 1 and the one starting Oct. 1, 2016.

It loosens budget caps, allowing an additional $80 billion in spending on military and domestic programs over the two years.
Ši B.Obamos pergalė reiškia leidimą Jungtinėms Amerikos Valstijoms toliau lįsti į skolas.

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