On Thursday, Congress approved the suspension of the country’s debt ceiling of R$ 158 trillion
The president Joe Biden announced this Friday, the 2nd, that it will sign on Saturday the bill that authorizes the increase in the debt limit of U.S, thus eliminating the “catastrophic” threat of a default by the world’s largest economy. “Nothing would have been more irresponsible and catastrophic than the failure of the greatest power in the world,” said the American president in a speech to the nation from the Oval Office. “Finding consensus beyond partisan differences is difficult. Unity is difficult, but we must never stop trying,” the 80-year-old Democrat said in a brief address. After several weeks of difficult negotiations with the Republican opposition, Biden wanted to renew ties with a message of reconciliation that he had already used during his inauguration in January 2021. “Without unity, there is no peace,” said the Democrat, who took office. office shortly after the January 6, 2021 attack on the Capitol by supporters of his predecessor, donald trump.
Biden, who is campaigning for re-election in 2024, used the occasion to promote his economic and social results, as well as other of his projects, such as the initiative to raise taxes for the richest. The US Congress this week passed a bill that would lift the country’s federal debt ceiling through January 2025 and set certain limits on federal spending. Without this agreement, the United States would be at risk of default, which would result in default on its obligations as of Monday, June 5th.
*With information from AFP
Source: Jovempan
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