An attempt to reach an agreement to raise the debt ceiling American will take place on August 2, but the days pass and any attempt to reach an agreement is trampled between White House and the Republican majority in the House of Representatives.

The President Barack Obama the secretary-treasurer Timothy Geithner, president of the Federal Reserve (Fed) Ben Bernanke and notaries agencies Moody’s and Standard & Poor’s have predicted a situation of “default” in the payment of United States bring great economic consequences for the countries involved and for the world.

Beyond debt problem is a confrontation between the parties is at stake for several weeks in Washington. Republicans demand that the U.S. president to commit to reduce state spending counterpart of the rise in the debt ceiling.

Obama had accepted this principle and was ready in early July to accept a deficit reduction 4 trillion to $ 3 billion through budget cuts and a trillion tax revenue. Unacceptable to the opposition, which wants to talk about rising taxes.

Eric Cantor, Representing Virginia and No. 2 Republican group in the House of Representatives is likely to assume the position of John Boehner, chairman of the chamber. “There is no point having other Americans in an economy like this,” Canto said. “We will not raise taxes, have no voice to raise taxes,” said later.

The image of Republicans who claim to be members of Tea Party Eric Cantor was intransigent on this issue at the start of negotiations with the White House, at the risk of seeing United States in a situation of “default”.

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