Delayed the threat of default: the US Senate approved an increase in the debt limit

09 October 2021, 08:58 | Economy
photo glavnoe.ua
Text Size:

The US Senate on Thursday evening temporarily increased the federal debt limit - by $ 480 billion until December 3. Reported by Radio Liberty. If the debt ceiling, which now stands at $ 28.4 trillion, had not been increased, the United States would have faced default on federal obligations for the first time in history - already this month. The current decision gives a postponement, but by early December, Congress will have to again increase the limit of the state debt, as well as agree on the spending of federal structures - the terms of their financing will also expire on December 3, reports the Voice of America.. Republicans, who for a long time blocked an increase in the national debt limit, agreed to a temporary extension.

The media, however, warn that the current compromise systematically only delays the solution of the problem.. Republicans remain determined to block further increases in the national debt limit, trying to force the Biden administration to abandon plans to adopt new economic stimulus packages or seriously revise them.. President Joe Biden has been actively involved in the political struggle around raising the debt limit in recent days, accusing Republicans of " Republicans, in turn, accuse Democrats of plans to simultaneously raise taxes and increase debt burden..




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer