Republican Pursue Budget Trimming

Republicans are trying to attract public support for the United States (U.S.) related to budget cuts. Chairman of the U.S. House Republican John Boehner urged politicians to support the plan budget cuts.
Boehner issued the call to the representatives of the Republican Party. Although, according to AP and AFP on Thursday (28/07/2011) The White House threatened to veto the plan and the Democrats in the Senate declared rejected.
Meanwhile, outside the U.S. House of Representatives, fears intensified because it was thought the U.S. government will not be able to get authorization to increase the debt. Due to these concerns, the financial markets of Wall Street on Wednesday (07/27/2011) experienced the worst trading days in a period of two months.
America is in danger of default status if the threshold is increased national debt not later than August 2.
The U.S. federal government budget deficit above 1.5 trillion U.S. dollars earlier this year. The total national debt has reached 14.3 billion U.S. dollars.
In the plan, Boehner proposed U.S. budget deficit will be cut to around 917 billion U.S. dollars within 10 years and a maximum debt limit of 900 billion U.S. dollars.
Although it has been running tough negotiations in recent weeks, members of the U.S. House of Representatives had not yet reached an agreement regarding the increase in national debt limit.
The U.S. Treasury Department has said the agency will no longer take the debt on August 2 - the deadline to raise the national debt limit.
Analysts Economists say America will not be able to pay the entire bill is due shortly after the deadline passed without any increase in the debt agreement.
Dow Jones index of leading shares shed 1.59 percentage points at the close on Wednesday (07/27/2011). Meanwhile, the S & P 500 fell 2.03 percent, and the Nasdaq technology stock index fell 2.65 percent.
In recent decades, the U.S. Congress has raised the authority of the federal government owes as much as a dozen times and approval process can be said to take place as a routine event.
However, this year conservatives in the Republican stronghold in Congress demanding drastically reduced budget deficits as a condition to increase the debt ceiling.
In a related development, members of the U.S. Senate from Republicans to suspend the voting on the proposal they put forward regarding the increase in national debt limit and budget deficits.Under the plan the Democrats in the Senate, the budget deficit will be reduced by 2.2 trillion dollars within the next 10 years and raised the debt ceiling by 2.7 trillion U.S. dollars.
However, 51 Democratic senators and two independent members of the senate in a letter Wednesday to reject the plan Boehner promised.
The White House also said the team's senior adviser to President Barack Obama will recommend that the president's use of its veto.One of the main objections the Democrats is that Boehner plan will only raise the debt limit to approximately six months. That raises the risk of new violent battles of the debt in 2012 - the year the U.S. presidential election.