WASHINGTON, October 12 (Hfrance.fr ) - The House of Representatives hasThe Democrat-controlled American gave final approval on Tuesday to legislation temporarily raising the government's borrowing limit to $ 28.9 trillion, pushing the default date back to December.
President Joe Biden is expected to sign the measure before October 31. 18, when the Treasury Department felt it would no longer be able to pay the nation's debts without Congressional action.
The passage ofthe house allayed concerns that the United States - the world's largest economy - would default for the first time, but the temporary extension paved the way for continued fighting between the parties.
"We have temporarily avoided the crisis before next week's deadline, but in December members of Congress will have to choose to put the country ahead of the party and d 'avoid default, "said Democratic Representative Richard Neal, chairman of House Ways and the Means Committee.
Republicans insist on fact that Democrats should take sole responsibility for raising the ebt d limit because their group wants to spend trillions of dollars to expand social programs and fight climate change. Democrats say increased borrowing power is needed in large part to cover the cost of tax cuts and spending programs during the administration of former Republican President Donald Trump, which Congress Republicans backed.
Republican Senate Leader Mitch McConnell wrote to Biden on Friday that he would not work with Democrats on another increase in the debt ceiling. McConnell was harshly criticized by Trump, the leader of the Republican Party, after the Senate vote.
"I will not participate in any future efforts to mitigate the consequences of Democratic mismanagement, "McConnell wrote to Biden, saying another massive spending bill would hurt Americans and help China.
Lawmakers also only have until December 3, adpass a law to finance the government and prevent a shutdown.
MORE PARTISAN FIGHTS IN THE FUTURE
The Speaker of the House , Nancy Pelosi, told reporters earlier on Tuesday that she hoped there could be a bipartisan solution to the debt ceiling problem.
Pelosi has declared a Democratic proposal to allow the Treasury Department to lift the debt ceiling, with Congress having the ability to cancel it " has merit. "
She also reiterated that Democrats do not want to use a procedural maneuver called reconciliation to raise the ceiling. Reconciliation would allow Democrats to raise the cap with 51 votes instead of the 60 required under the Senate obstruction rule if Republicans do not cooperate.
The Senate The vote of the semaine last to increase the limit - which was more routine before the current era of fierce partisanship - has turned into a brawl. Republicans have attempted to tie the measure to Biden's goal of passing multibillion-dollar legislation to strengthen infrastructure and social services while tackling climate change.
Pelosi said she is optimistic Democrats can work out changes to lower the cost of their social policy plans by October 31.
In another sign a compromise was possible, Progressive Democrats told reporters that most of them wanted to keep all of the programs offered in the multibillion dollar bill. dollars, while shortening the time period to reduce its overall cost.
Biden suggested a cost range ofabout $ 2 trillion rather than the original target of $ 3.5 trillion. Pelosi said she would not introduce legislation to the House if it could not be passed by the Senate, where moderate Democrats Joe Manchin and Krysten Sinema both say they cannot afford a cost of 3 $ 500 billion.
The months-long struggle for the debt ceiling is closely linked to the legislative elections of November 2022, when Republicans attempt to 'secure a majority in the House and Senate.
Democratic lawmakers fear a Republican boycott of future efforts to raise the debt ceiling exposes them to political attacks over the next year that accuse Democrats of tax evasion and contempt for growing debt.
But the Democrats in turn accuse theRepublicans for wanting to let the country default on its debts to score political points.
During the Trump administration, the debt ceiling was Raised three times with Democrat backing, despite their opposition to Republican initiatives that worsened government debt, like the 2017 tax cuts legislation and Trump's priorities, like building a wall crossing to the southwest to prevent immigrants from entering. Report by Richard Cowan and Susan Cornwell, additional reports by David Morgan; Writing by Susan Cornwell and Patricia Zengerle; Edited by Scott Malone and Cynthia Osterman
Our standards: Thomson Hfrance.fr es' principle of trust.