The agreement to raise the debt ceiling will be debated tomorrow in the U.S. House of Representatives.
The agreement between the White House and the Republicans to raise the debt ceiling has overcame its first legislative hurdle on Tuesday. after a committee of the Lower House allowed its debate starting tomorrow in the Chamber.
The passage, necessary so that the House of Representatives can vote on the agreement, has been achieved despite resistance of some of the members more radical members of the Republican Partywho have criticized the plan as not achieving sufficient cuts in public spending.
The House Rules Committee of the Lower House has agreed by. seven votes in favor and six against to move forward with the legislative process.
If approved, the compromise reached over the weekend by U.S. President Joe Biden and House Speaker Kevin McCarthy, R-Kevin McCarthy, will raise the debt ceiling for the next two years.that is, until after the next presidential election.
In exchange, the White House pledges to reduce spending levels. and to introduce some requirements for food assistance programs and programs for vulnerable families.
The approval of the agreement in Congress is crucial for the country does not default on its public debt.after the debt ceiling, the legal limit to the money the US can borrow to meet its commitments, was reached last January.
Lawmakers have Until June 5 to pass in both chambers. the measure, by which date the Treasury Department estimates that the country will exhaust its reserves.
The agreement has been criticized by some of the more radical members of the Republican Party, who have called for its rejection, but also by some progressive members of the Democratic Party.
However, has the support of the leadership of both parties. in both houses of Congress.
