US debt, likes the bipartisan plan

Optimism for the initiative of six MPs, who seem capable of breaking the political stalemate. But the acrimonious debt debate still arouses serious disagreements: in the House, on the initiative of the Republicans, an austerity package was approved, opposed by Obama, which will fall under the fire of the Democrats in the Senate.

“The bipartisan plan is good news, we have made great strides forward”. Words of President Obama, on the initiative of 6 "wise" parliamentarians. Surprisingly yesterday, in the afternoon in Washington, a hypothesis of an agreement on the debt emerged, promoted by the group of 6 willing. The select demo-Republican club has come up with a compromise that seems to please: targeted cuts in social spending (including Medicare) in the face of the cancellation of exemptions and tax incentives. A 4 billion dollar plan fairly

division.

Wall Street enthusiastically welcomed the new prospect of pax politica: the DowJones gained 220 points to close at 12.607,56 (+1,63%); the same percentage increase for the Standard & Poor's 500, while the Nasdaq rose 2,22% to 2.826,52 points.

An optimism not too affected by breaking news, which still give the pulse of a very tense situation. With an impromptu initiative by the Republicans in the House, a deficit and debt reduction project was approved (234 votes in favor, 190 against). It provides for cuts of 111 billion dollars in the 2011 fiscal year, with a limit on spending of 18% of GDP by 2021 and an amendment to the Constitution to increase the debt ceiling. A symbolic initiative: the Senate, with a Democratic majority, will probably reject the package and in any case, if approved, Obama would oppose his veto.