United States faces an August 2 deadline before the current ceiling is reached and the country faces default on its debt for the first time in its history.

8月2号是目前的债务上限到期的日子，美国也将在历史上第一次面临国债违约。

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S. debt ceiling earlier this month as the United States teetered on the edge of a potential default.

当时美国已经徘徊在可能欠债的边缘。

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If Congress does not approve an increase in the debt ceiling within a week, the United States will default on its debt obligation.

如果国会不能在一周之内提高债务上限的话，美国将无法按期偿付国债。

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The Soviet Union is presently barred entry into the U.S. market under the provisions of the Johnson Debt Default Act which precludes countries in default with the United States from issuing bonds here.

CENTERFORSECURITYPOLICY: Center for Security Policy | Center Calls On Sen. Metzenbaum To Investigate New Securities Threat: Soviet ��Junk Bonds��

Might the United States Government default on any of its debt?

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So the President remains confident that action will be taken, that the debt ceiling will be raised, that the United States will not default on its obligations.

WHITEHOUSE: Press Briefing