It won't happen. The US has already increased it 10 times in the last 10 years, it is only the small print they are arguing over on the cuts, both parties agree to increase the limit. The President can also use one of the Amendments to push it through without a vote if he so wishes.
I know they have. This time it seems far different due to the young tea party senators with an agenda!!
From listening to interviews from them they seem pretty resolute to vote against their own parties proposals.. The house speaker(a Republican) has cancelled tonight's vote,which obviously means he would have got stuffed in the outcome.
My question is really about what would/could happen to the UK Pound if no compromise can be found?
also the peso as it is almost historically pegged to the US $$!!
Thanks for the Swiss Franks suggestion.... I`ll look into it further. Before its too late!
