The Treasury started to take very measures, delay to December 31, borrowing limit.
U.S. Treasury secretary Timothy · cover Turner (Timothy Geithner) said it would take accounting way to save about $200 billion, in order to prevent the $16.4 tn lending restrictions.
This is the so-called "fiscal cliff" loom.
This is a circular raise taxes and cut spending huge sums of money, due to come into force in January, but more than Democrats and republicans to stop.
"Default"
In the letter to congress, cover Turner said, $200 billion (?124 bn) will reach about two months of borrowing limit to prevent the government.
"This $16.4 tn" is the government allowed to borrow to finance its operation.
Cover Turner says, need to take special measures "temporarily postpone the date, otherwise will default its legal responsibility".
President Obama is expected to reach a republican leaders try again in negotiations, although there is no new date has been released.
If you don't do that could damage the United States and the global market and a threat to the American economy into a recession.
Both sides still widely separated fiscal cliff is set to come into force on January 1, the taxes and cut costs $600 billion, but analysts say, a short-term trading may agree to cut, will delay until spring.
Last Wednesday, house republican representative speaker John boehner calling for democratic leaders of the senate, and pulled out the legislation, it is how to avoid the cliff, and then pass it on the house of representatives.
However, a senior government official said, this is the republican leaders do not stand in the way of a deal.
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