To prevent the two parties from raising the debt ceiling by August 2nd, the United States

Although analysts say August 2nd is not a US debt limit, the US Treasury Department has insisted.

According to the White House, the US Treasury is leading the decision-making process of the administrative system, deciding which payments must be paid first if the agreement does not reach a compromise.

A government official said Thursday (28) that if the members of Congress fail to reach an agreement on raising the debt ceiling, the US Treasury will give priority to the payment of government bond holders.

According to the Peng Bo News Agency (Bloomberg), the official said that in August 4th, the US had $90 billion in bonds and 30 billion dollars in August 15th.

Overall, the bonds due in August amounted to $500 billion.

After the commentary was published, the loss of $90 billion 6 month debt in August 4th was reduced.

If the debt ceiling is not raised, Obama administration officials will announce a priority payment after the market closes on Friday.

Christian Cooper, head of Jefferies Group Inc. derivative products, says the above statement is a guarantee, but there are no other options besides the priority of the bondholders.

Otherwise, it is a breach of contract.

Treasury Secretary Geithner (Timothy F. Geithner) has repeatedly claimed that if Congress does not raise the debt ceiling, government borrowing authorization will be used up to 2 in August.

Republicans and Democrats raise the national debt ceiling and budget.

The Treasury had previously said it would not be able to choose which items to pay if it could not borrow enough capital to cover all the payments.

Geithner said last month that the priority proposals put forward by members of Congress were irresponsible and deviated from the promise of the bipartisan president to return all the money in the history of the United States.

Deciding what to pay first is also a legal and practical challenge, forcing the government to make a choice between beneficiaries of social security, bondholders and military personnel, and experts say it is no winner.

In August, the Ministry of finance would pay $49 billion 200 million for social security, including $23 billion due in August 3rd.

Next month, there will be 50 billion dollars in medical insurance and Medicaid, 12 billion 800 million dollars in unemployment benefits, 2 billion 900 million in active military salaries and 14 billion 200 million dollars in federal salaries and benefits.

Because of its size and complexity, especially the time pressure, it is very difficult for the government to pay the priority.

It is yet to be proved that the government pays part of the payment and does not pay the other part of the legality.