Luyện nghe 60 phút hàng ngày - P4

Listening and Doing Exercise:

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Governments	a	agreed	avoid	buy	debt	have	how	in
investors	led	on	reached	seeking	since	the	this
worldwide

There has been a lot of talk about the "debt ceiling"  the United States. The debt ceiling is a legal limit on  much the federal government can borrow. Political disputes over that amount  concerned investors in recent weeks. American lawmakers must negotiate a new  ceiling every time the federal debt reaches that legal limit. National  grows when a government spends more money than it has available.  offer bonds and other investments to raise money to pay for  spending. In return, the government promises to repay, with interest, the  who buy these securities. The financial demands of World War One  American lawmakers to establish a total debt limit. In 1917, Congress  that the president could borrow up to a set amount without  approval. Congress has agreed to change the debt limit 10 times  2001. But the major parties may disagree on spending levels or  the need to borrow to pay for government operations. Other nations  United States Treasury securities because they are considered the safest investment  the world. The partial shutdown of the federal government led to  concern about the safety of these investments. Congress agreed to re-open  government without enforcing the debt ceiling only one day before borrowing  the legal limit. Lawmakers agreed to let the president decide what  Treasury Department could borrow through February 7th. Congress must now negotiate  new debt limit and resolve other budgetary issues in order to  another crisis. For VOA Learning English, I'm Carolyn Presutti.