2023-05-28 01:43:16
The president of United States, Joe Bidenand the Republican leader of the House of Representatives, Kevin McCarthyarrived this Saturday at a agreement in principle to raise the debt ceiling, media reported as Bloomberg y NBC.
(It may be of interest to you: ‘No politics’: families in the US are fighting once more like in the Trump era).
Biden and McCarthy talked in the followingnoon to refine the details of a pact, in order to prevent the United States from going into default.
NBC y CNN They detailed that both parties will review the text of the agreement overnight to ensure that it aligns with the tentative agreement.
Related topics
When a final consensus is reached, the 72-hour rule will have to be followed, which gives legislators three days to read the text before voting on it in the House.
The principle agreement between republicans and democrats will allow the debt ceiling to be raised to avoid economic default that had been set by the Secretary of the Treasury for this Monday, June 5.
One of the points of the possible agreement is the drastic cut in federal spending. In addition, the plan will allow the United States Government to borrow money to pay its debts until the year 2025.
(Read here: Asia is increasing its weapons arsenal in the face of anxiety regarding a possible war).
according to Washington Post, “It is expected that much of the emerging agreement reflect the initial demands of the Republicans following party lawmakers took control of the House in January and strategized to take advantage of the debt ceiling to achieve their political agenda,” the newspaper reported.
Although, the aforementioned medium revealed that there is a malaise on the part of some republican and democrat members by the size of the plan and its scope, underscoring that: “the difficult task facing the two leaders in pushing legislation through the cheating-prone and closely divided House and Senate with regarding a week to spare.”
HAROLD YEPES
With information from El Universal (Mexico) / GDA
More news in EL TIEMPO
1685248838
#Joe #Biden #reached #agreement #principle #Republicans #raise #debt #ceiling
