The president of the United States welcomed the approval of the Senate, controlled by Democrats, of raising the debt ceiling and said he hoped to sign the agreement “as soon as possible”.
“We still have a lot of work to do, but this agreement is a fundamental step forward and a reminder of what is possible when we act in the best interest of our country,” Joe Biden said in a statement released Thursday evening. shortly after the upper house vote on the agreement preventing default on the country’s debt.
The official thanked the party leaders for quickly getting the measure approved and indicated that he would address the population today.
By 63 votes to 36, the final legislative hurdle was passed on Thursday before it reached the Oval Office to be signed by the president.
The bill passed the Senate a day after the Republican-controlled lower house passed it four days before the Treasury Department’s deadline for a US default.
In the message, Biden acknowledged that the deal reached between the White House and Republicans over the weekend does not “contain everything each side wanted” but “is a major win for the economy and for the American people.”
The measure suspends the debt ceiling for the next two years, until after the November 2024 presidential election.
On the other hand, it sets limits on spending on Congress-funded programs in areas such as health care, education, justice and environmental protection, among others.
The approval in the chambers of Congress (House of Representatives and Senate) was crucial for the country not to default on its national debt, after the debt ceiling, the legal limit on the money the US can borrow to meet obligations, was reached last January. .
Source: DN
