Congratulations leaders have opened a way to raise US debt

The Congress leaders have signed a memorandum of understanding that provides a way to increase government lending and avoid the risk of debt repayment in the US.

The Democrat House of Representatives voted Tuesday in a vote of no confidence in the Senate. raise the sky with small votes, across the “filibuster” limit of the upper chamber 60 votes.

Democrats control the Senate with very limited margins and Kamala Harris, vice-president, can vote.

The reform of the system also requires the support of at least 10 Republican senators to become law. Mitch McConnell, a Republican senator for the Senate, endorsed the plan and said he was confident that at least nine of his colleagues would sign it.

The first Senate vote, expected on Thursday, will pave the way for Democrats to take action to raise lending limits.

Republicans have repeatedly argued that Democrats should “go it alone” in raising debt, even though it has raised borrowing limits several times during the Trump administration.

“I think this is very important for the country to prevent instability,” McConnell said. “I think it will also help the Republicans who strongly feel that the previous debt we agreed on with the President [Donald] Trump was here to pick us up until August, and the current debt is really for the future and not for the future. ”

Janet Yellen, secretary of finance, has warned the US government dangerous instability as soon as next week if lawmakers are unable to fulfill an agreement – an event that they recently said would “ruin” the resumption of the economy.

The Biden government has received a “positive development”. Jen Psaki, a journalist for the White House, praised Charles Schumer, a senior member of the Democratic Senate, and McConnell for working “with faith. . . preventing instability ”.

In a letter to members of the Democratic House on Tuesday, spokeswoman Nancy Pelosi said dealing with the debt was “necessary” for the US and the global economy, and criticized Republicans for the crisis.

“This is about realizing what the government has done in the past, especially during the Trump administration,” Pelosi wrote.

Some participants in the market began to try to avoid saving Treasury funds that were about to mature as the US government was at risk of a financial crisis, highlighting the need for credit negotiations.

Independent analysts say Treasury has until early January before a potential crisis.