President Obama and leading cross-party congressmen are continuing to try and break the deadlock of the deficit reducing measures required, before Congress will allow the increase in government debt, before the August 2nd deadline.

Talks continue to end in stalemate, and yesterday saw President Obama, famous for keeping his cool, loosing it and storming out of talks. With elections next year no party wants to concede ground, or appear to cause an American debt default, which could happen if the ceiling is not lifted before August 2nd.

Today the pressure to reach a deal intensified with news that the Moody rating agency is “reviewing” the American AAA rating, with a view to downgrade the rating over fears America may default on her debts. Moody’s have previously said they are looking for a speedy resolution to the credit limit issue. Furthermore the rating agency S&P have also come out to say they too are looking at the US credit rating, and have gone as far to say there is a one in two chance of a downgrade; fearing the political entrenchment is worsening.

A default on debt would carry catastrophic consequences to the global economy, plunging the West back into recession, domestically social security payments would not be made, and government employees would not be paid.

This is a key time for the financial stability of the US and the world, Christians need to pray for her leaders to forge a wise road ahead. Support Prophet TV as the Washing DC mission continues, and we seek to block the demonic trying to access Washington via the Kalachakra rituals.