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Biden and McCarthy finalize the agreement on the US sovereign debt ceiling

Date: October 4, 2023 Time: 15:23:54

It seems that the agreement on the debt ceiling is getting closer. Everything seems to indicate that the president of the United States, Joe Biden, will finish tonight with the leader of the Republican majority in the House of Representatives of Congress, Kevin McCarthy, the still not final text of the agreement to raise the sovereign debt ceiling reached this last morning and that has kept the US economy relatively on edge in recent days.

This has been reported by the leader of the Democratic minority in the lower house of Congress, Hakeem Jeffries, who has informed his fellow bench members that the conversation between Biden and McCarthy will take place, at the latest, around 8:00 p.m. (peninsular time). Spanish).

“Shortly thereafter, House Republicans will publish the text of the bill and make it available to the House, Senate, and the American people,” Jeffries said in the letter, picked up by NBC. “I hope that over the next few days there will be multiple opportunities to review and discuss the legislation with the Biden Administration before House Republicans call the final vote by midweek,” added the Democratic official.

US Treasury Secretary Janet Yellen signed by Biden as soon as possible.

Yellen previously warned that failure to reach a deal on the debt ceiling would cause “an economic and financial catastrophe” that would unleash a global recession and threaten to undermine US leadership.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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