
Its members House of Representatives approved by an overwhelming majority yesterday a bill suspending the debt limit, thereby further removing the specter of defaulting on USAwhich would be disastrous for the American and world economy.
Last night [τοπική ώρα· τις πρώτες πρωινές ώρες σήμερα ώρα Ελλάδας] the bill received 314 votes, 165 Democrats and 149 Republicans, while 117 body members, 71 Republicans and 46 Democrats, voted against it.
It now has to be passed by the Senate, which is called to vote as soon as possible, and Democratic Majority Leader Chuck Schumer yesterday assured that he would bring it up for discussion and vote “as soon as possible.” “avoid default”.
The result of a marathon and hard-fought negotiations culminating over three days on Memorial Day, the bill avoids the worst-case scenario, which was the default of the US federal government next Monday.
To avoid this potentially devastating scenario for the world’s largest economy, President Joe Biden and Speaker of the House Kevin McCarthy reached an agreement that, like all compromises, satisfied no one.
Before the vote, the Republican “speaker” admitted that there was no unanimity in his party, while expressing his optimism and stressing that “today we will accept the largest cuts in government spending in American history.”
Lacking party discipline on the other side, Democratic leaders, while worried that they would have to revise the budget and cut spending, promised to provide the votes needed to pass the bill.
“Deputies will ensure that the country does not declare itself bankrupt. Great, that’s it,” said their leader Hakim Jeffreys.
“We will not allow extremist Republicans to sink our economy and make the American people suffer,” he later said in a semicircle, expressing the hope that Mr. McCarthy would win at least two-thirds of the 150 GOP votes. , votes.
Republicans control the House of Representatives with a narrow majority (222–213).
President Biden traveled to Colorado last night and said before leaving that he hoped the bill would be approved by the House of Representatives before it arrived in the state of the American West.
“By the time I land, Congress will vote, the House of Representatives will vote, and we will take one more step,” said the octogenarian Democrat, who had already “strongly” called on the body to pass the bill the day before.
After the vote, he spoke of “good news for the economy and the American people,” urging the Senate to “pass” the bill “as soon as possible so I can sign it.”
Source: Kathimerini

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