U.S. senators voted Thursday (9) in favor of creating legislation that would allow Democrats to suspend the country’s debt ceiling once and avoid a catastrophic default without seeking the votes of opposition Republicans.
The move would allow Democrat-controlled Congress to raise the debt ceiling by a certain dollar, with a simple majority in both, meaning the effort could become law without trusting Republicans.
“We need to take a few more steps before this issue is fully resolved, but after today’s vote, I’m confident that we are on track to avoid a catastrophic default,” said Senate Majority Leader Chuck Schumer.
Increasing the credit limit would normally require 60 votes in the Senate, splitting it to 50-50, but with the new law, only with the support of all Democrats and the letter “yes” from the runner will the green light be given for the increase. -Up Die.-President Kamala Harris.
Meanwhile, Republicans are basically on the sidelines, not blocking Democrats but voting to raise the debt ceiling.
The deal comes a few days before the deadline to reach the credit limit, putting an end to several weeks of tense negotiations.
If something is not done, the United States will not be able to repay its debt after next Wednesday.
The country spends more money than it collects on taxes, so they borrow by issuing government bonds, which are some of the safest investments in the world.
+ Actress Nomi Gerbelli, director of soap opera ‘Carousel’ Olivia dies at 68
+ The Brazilian model married nine women and became international news
+ Horoscope: Check today’s forecast for your zodiac sign
+ Quick and easy chicken wings recipe with spicy sauce
+ Find extracts that increase longevity and reduce fat
+ CNH: See what you need to know about application and renewal
+ Alligator video of surfing in Florianopolis goes viral on the internet
+ See what are the most stolen cars in SP in 2021
+ Expedition identifies the giant squids that caused the shipwreck in 2011
+ Everything you need to know before buying a Crocbot
+ Found in Armenia in the eastern part of the Roman Empire
+ US agency warns: Never wash raw chicken meat
+ Aloe vera gel in the drink: see the benefits
+ The lemon squeezing trick is becoming a craze on social media
“Communicator. Award-winning creator. Certified twitter geek. Music ninja. General web evangelist.”