Facebook Pinterest Tumblr
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
Search
Buna Times
Buna Times
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
HomeWorldIn the United States...
June 1, 2023

In the United States approved the temporary abolition of the debt ceiling – there will be no default

By David
Facebook
Twitter
Pinterest
WhatsApp


    The U.S. House of Representatives approved a bill to limit the national debt.

    .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } }

    .

    According to Reuters, such a decision will allow the country to avoid default and financial crisis. The document was supported by 314 congressmen, 117 voted against.

    The United States in January 2023 reached the debt ceiling of $31.4 trillion. According to the adopted bill, the ceiling is not increased to a certain level, but canceled until January 2025.

    Now the bill will be approved by the US Senate, after which it will be signed by the president.

    Joe Biden called the agreement reached “good news for the American people and the American economy.”

    I urge the Senate to pass it as soon as possible so that I can sign it into law,” the US President added.

    The BBC writes that the US has gone from default and crisis in the world’s largest economy, which would inevitably lead to problems on a planetary scale. On Thursday night, the opposition-controlled lower house of the US Congress approved a compromise between Democratic President Joe Biden and the Republicans and allowed the US national debt to rise above the already reached record $31.4 trillion.

    Republicans have a majority of just 222 years in the House of Representatives, with a required 218. On the issue of ending the debt ceiling, many of them were unhappy with Speaker Kevin McCarthy’s agreement with Biden and voted “no”, so the votes of the Democratic minority were required to approve the agreement.

    In the end, 314 members of Congress voted yes. 117 voted against – 71 Republicans and 46 Democrats.

    Without an agreement on the debt ceiling, the money for current payments, previously approved by Congress, would run out in a week, and for the first time in its history, the US would be unable to pay its bills.

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

    Related

    - A word from our sponsors -

    Most Popular

    The number of warriors awarded the hero’s title was named

    The accident showed diplomats of evidence of the current components in the Russian Federation (photo)

    Lithuania will provide funding for the purchase of Patriot Systems for Ukraine

    Russia’s plan in the Sumy region is interrupted – Zelensky

    • Tags
    • Recent US events

    LEAVE A REPLY Cancel reply

    Please enter your comment!
    Please enter your name here
    You have entered an incorrect email address!
    Please enter your email address here

    Previous article
    Cracks appeared in the supports of the Crimean bridge
    Next article
    Kamaliya shows her sister’s damaged apartment after the enemy attack

    More from Author

    World

    The number of warriors awarded the hero’s title was named

    David -
    World

    The accident showed diplomats of evidence of the current components in the Russian Federation (photo)

    Ukrainian intelligence presented evidence to the diplomats...
    David -
    World

    Lithuania will provide funding for the purchase of Patriot Systems for Ukraine

    David -
    World

    Russia’s plan in the Sumy region is interrupted – Zelensky

    David -

    - A word from our sponsors -

    Read Now

    The number of warriors awarded the hero’s title was named

    The accident showed diplomats of evidence of the current components in the Russian Federation (photo)

    Ukrainian intelligence presented evidence to the diplomats that Russian weapons contained Western components that came to the Russian Federation, despite sanctions. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } At...

    Lithuania will provide funding for the purchase of Patriot Systems for Ukraine

    Russia’s plan in the Sumy region is interrupted – Zelensky

    Trump is consecrated with the leader of the war in Europe in Ukraine – The Guardian

    US President Donald Trump will discuss with European leaders the opportunity to put an end to the war in Ukraine. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This weekend,...

    Lukashenko uses migrants for pressure on EU – SVR

    The title of the hero is awarded to the deceased Brigade commander

    Tailand announced loss in Cambodia

    The Thai Ministry of Defense was reflected in the military invasion of Cambodia. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Today, on Saturday, July 26, the Thai naval fleet...

    Russian signal factory was attacked by SBU droes – Media

    I excavated the skeleton of bends and the post -class in Dnieper and in the region

    In the region, Dneper and Dnipropetrovsk, the number of dead and victims after a night attack increased. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The 21-year-old victim died in...

    Summary Blow: The consequences are known

    UAVs attacked the signal electronic plant in Rossi Stavropole (video)

    Drones on Saturday morning, July 26, struck a signaling plant in the Russian Stavropol. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } One of the unmanned aerial vehicles fell into...
    Buna Time
    • DMCA
    • Privacy Policy
    • Terms of Use
    • Contact Us
    • Advertising and Outreach

    All Rights Reserved © 2023 - Buna Times