Politics USA World

U.S. debt: Lagarde welcomes the agreement

On Tuesday Executive Director of the International Monetary Fund (IMF) welcomed the adoption of the bill raising the ceiling of the sovereign debt necessary to avoid technical default of the United States, reported Western media.

“Policy makers the challenge now is to develop a framework of fiscal consolidation will be clear medium-term debt, “she said.

It was adopted by the Senate Tuesday, the paper raises the debt ceiling of at least 2,100 billion and provides for the establishment of a program to reduce budget expenditure of 2,500 billion.

The new law is the result of a compromise reached between the White House and Congress. The document will be a bipartisan parliamentary committee set up to explore ways to reduce budget expenditures of 1,500 billion dollars.

The previous limit of U.S. public debt exceeded in May totaled 14,300 billion.

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