Vietnam.vn - Nền tảng quảng bá Việt Nam

Độc lập - Tự do - Hạnh phúc

Biden and Republicans have just reached an important agreement to prevent America from going into debt.

Báo Thanh niênBáo Thanh niên28/05/2023


The months-long impasse was resolved after a 90-minute phone call between Mr. Biden and Mr. McCarthy on the evening of May 27 (US time), according to the source. However, details of the agreement have not been disclosed. The source said that negotiators agreed to cap non-defense spending at current levels for the next two years, in exchange for raising the debt ceiling for the same period.

Vụ trần nợ Mỹ: Ông Biden và ông McCarthy đã tìm thấy tiếng nói chung - Ảnh 1.

US House Speaker Kevin McCarthy (left) in a discussion with US President Joe Biden at the White House on May 22.

The deal would be a stepping stone to avert a default that could destabilize the US economy, provided the Biden administration clears the final hurdle of a congressional vote. The US Treasury Department has warned that the country could default if Congress fails to pass a deal to raise the debt ceiling, which is set at $31.4 trillion.

Once Biden and McCarthy reach a consensus, House members will have 72 hours to review the proposals before voting. The proposal will then need to pass the Senate. Once both parties pass, the bill will be sent to Biden to sign into law.

The prolonged impasse has weighed on US financial markets. Economists say a default would be far more damaging, potentially plunging the country into recession, shaking the global economy and leading to a spike in unemployment.



Source link

Comment (0)

Simple Empty
No data

Same tag

Same category

Impressive moments of the flight formation on duty at the A80 Ceremony
More than 30 military aircraft perform for the first time at Ba Dinh Square
A80 - Rekindling a proud tradition
The secret behind the nearly 20kg trumpets of the female military band

Same author

Heritage

Figure

Enterprise

No videos available

News

Political System

Destination

Product