Sometimes even countries need a tailored loan solution to help them with their cashflow, maybe the US has taken the 247Moneybox.com route, and helped them avoid a world catastrophe ha ha!
America was fortunately saved when the ticking clock forced Congress into voting through a new borrowing limit. Obama spoke after a bill to cut spending by $2.4 trillion in two stages and raise the US borrowing limit by the same amount passed the Senate by 74 to 26 votes. But made his frustration clear about how this crisis had been artificially manufactured.
Looking to the future Obama said the goal was to “fight for what the American people care most about - new jobs, higher wages and faster economic growth”.
It is incredible to think of what the debt burden is on the US and a viral scale perspective is being bounced around the internet and social network sites at the moment. Showing the US debt burden in $100 bills, similar metaphors have been used, for instance the British debt burden in £50 notes was shown to reach into the atmosphere.