President Joe Biden said on Friday that he will sign on Saturday the bill that authorizes raising the debt limit of USAwhich eliminates the “catastrophic” threat of a default of the world’s largest economy.
“Nothing would have been more irresponsible or more catastrophic” than a bankruptcy of the first world power, said the US president in a speech to the nation from the Oval Office.
“Finding a consensus across partisan differences is difficult. Unity is hard, but we must never stop trying.” added the democrat.
After several weeks of very difficult negotiations with the republican oppositionBiden has wanted to renew ties with the message of reconciliation that he already used during his inauguration in January 2021.
“Without unity there is no peace,” said the Democrat who took office shortly after the January 6, 2021 assault on the Capitol by supporters of his predecessor, Donald Trump.
Biden, who is running for re-election in 2024, took the opportunity to promote his economic and social results, as well as other of his projects.
He mentioned his initiative for higher taxes for the richest and declared to his compatriots “I am going to fight again and with your help I am going to win.”
He us congress adopted this week the bill that suspends the country’s federal debt ceiling until January 2025, and that also sets certain limits on federal spending.
Without such agreement, USA it risked a default or cessation of payments of its obligations from Monday, June 5.
Source: Gestion
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