FX.co ★ The US national debt reached its limit

Once again, the national debt moved beyond the statutorily prescribed limit. Now the US Congress has to increase its debt ceiling value in order to avoid a risk of technical default.

From March 16 until the approval of new borrowings by the Congress, the U.S. Department of the Treasury asserts will take "extraordinary" measures to keep paying the government's obligations.

The matter of the national debt limit is very sensitive for the United States. Every time there are hot political battles between the administration of Barack Obama (the camp of the Democratic Party) and the Republican opposition in the Congress.

There is the Russian Federation among the creditors of the United States. The share of Russia in the structure of the US external debt is 2.3% - it is almost $132 billion.

Let us recall that four years ago the US national debt exceeded $14 trillion and achieved the maximum permitted value. For a long time the Congress could not agree upon the increasing debt limit: the debate has gone on for two and a half months.