Trump postponed the US default

US President Donald Trump agreed on a temporary increase in the ceiling of external borrowing of the state, reports Reuters .

The American leader met with representatives of the Congress to discuss the technical default threatening the United States (it occurs when the volume of public debt exceeds the legislatively set maximum level - at present more than 19.8 trillion dollars, or more than 105% of the US GDP) and assistance to the victims of Hurricane Harvey.

In a statement published by the White House at the end of the meeting, it is noted that the president and Congress are striving to "avoid default in December and will work together on many issues facing them."

At the same time, the media note that Trump called the condition for a temporary increase in the ceiling of borrowing the adoption of a federal financial assistance to the Harvey federal financial assistance in the amount of $ 7.85 billion.