[ad_1]
The US Senate has supported an increase in the government debt ceiling until December 2021. Its limit will be increased by $ 480 billion. How transfers Reuters, in support of this decision voted 50 senators, against – 48. Now the initiative must be approved by the US House of Representatives. House Speaker Nancy Pelosi said she was ready to withdraw congressmen from vacation in order to accept him as soon as possible, after which the document must be signed by the president.
The White House has already called the agreement to raise the limit “a respite in the light of the catastrophic default” that threatens the country.
US Treasury Secretary Janet Yellen previously announced in a letter to US lawmakers that the resources of her department will be completely depleted shortly after October 18, unless Congress raises the public debt ceiling by that date or suspends the borrowing limit to avoid default. She called on lawmakers to take action as soon as possible.
In the United States, the public debt ceiling is set by Congress and can only be exceeded with its approval. As reported, in early October, the national debt has already crossed the permissible threshold of $ 28 trillion.
[ad_2]
Source link
