American Congressin a race against time averted forever Thursday night [δηλ. τις πρώτες πρωινές ώρες της Παρασκευής σε ώρα Ελλάδας] risk USA default on June 5th.

In particular, the Senate approved by a comfortable majority (63 votes in favor, 36 against) a bill suspending until January 1, 2025 the federal state’s borrowing limit, which was already approved on Wednesday by the House of Representatives. Representatives. Now all that remains is for President Joe Biden to ratify it.

Bitter negotiations

The text, the product of tough and bitter negotiations between the Biden administration and opposition Republicans, will allow the US government to continue to meet all of its commitments until next year’s election in exchange for a significant cut in projected government spending.

For his part, US President Joe Biden expressed satisfaction with the Senate vote, stressing that it was “a great victory for our economy and the American people” and saying that he “looks forward” to the signing of the text.

^{According to Reuters, AFP, APE – MEB}