By Richard Cowan
WASHINGTON, Dec.9 (Reuters) – A deal between Democratic and Republican leaders in the US Senate to raise the federal government’s debt limit by $ 28.9 trillion will be tested on Thursday, when the General Assembly votes on the approval of the measure.
The House of Representatives on Tuesday passed an unusual bill, approved by Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell, to bypass a deterrent mechanism and ultimately elevate authority. federal to apply for loans by simple majority.
The pledge comes just two months after Congress agreed to a short-term increase in the debt ceiling to avert an unprecedented situation in which the federal government would be unable to meet its payment obligations, which would have serious consequences. consequences for the world economy.
Republicans tried to withhold their votes for more borrowing power, saying the increase would pave the way for President Joe Biden’s $ 1.75 trillion national investment bill to pass. , which they oppose.
Democrats say legislation is needed to fund the debt largely incurred under Donald Trump’s administration, when Republicans increased Washington’s debt bill by about $ 7.85 trillion, in part through cuts taxes. and sweeping spending to fight the COVID-19 pandemic.
“We may soon be crossing another important item off our to-do list in December,” Schumer said on Wednesday, referring to future debt limit legislation.
(Reporting by Richard Cowan, David Morgan and Susan Cornwell. Editing in Spanish by Marion Giraldo)
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