2023-06-01 02:12:57
01.06.2023
Support for the pact negotiated by Joe Biden and Kevin McCarthy is an important step to avoid default, five days from the deadline set by the US Treasury Department.
The lower house of USA gave this Wednesday (05.31.2023) its support for the pact between US President Joe Biden and Republican leader Kevin McCarthy to raise the debt ceiling in exchange for some cuts in public spending.
The bill will now go to the Senate, five days from the deadline set by the Treasury Department after which the country could default on its national debt.
A large majority of both Democratic and Republican legislators voted in favor of the measure, after several conservatives from the most extreme wing of the party showed their rejection of the initiative, considering that it does not do enough to limit spending.
The deeply divided Lower House approved with 314 votes in favor and 117 against suspending the debt ceiling until 2025, a result that the president Joe Biden considered a “decisive step” to avoid the default of the world’s leading economy. The Senate is expected to do the same before the end of the week.
Biden asks the Senate to approve the agreement
The president of United States, Joe Bidenasked this Wednesday the Senate to approve “as soon as possible” the agreement ratified today by the Lower House to raise the debt ceiling in exchange for cuts in public spending.
“I have made it clear that the only way forward is a bipartisan agreement that can receive bipartisan support. This agreement passes the test. I encourage the Senate to pass it as soon as possible,” the president said in a statement.
In his message, Biden praised the agreement, reached this weekend, as it “protects the priorities and achievements of the last two years” of the Democratic government.
In this sense, the president stressed that the project protects payments to Social Security and health care programs for vulnerable seniors.
However, some of the most progressive members of the Democratic Party have shown their rejection of some points, such as the introduction of requirements to access some food assistance programs, or the approval of a controversial project to transport natural gas from the state of West Virginia. to neighboring Virginia.
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