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Democratic leaders of the House of Representatives and the Senate present an invoice of temporary financing, possibly extended until December 3, to be voted on Wednesday, in the hope that Republicans will support it.
Adoption of the plan would save the president’s Democrats a crisis Joe biden, who campaigned a platform for responsible government after Republican Donald Trump’s four turbulent years in power.
However, there are more risks ahead as progressive House Democrats pledge to vote against a infrastructure bill for a trillion dollars which will be presented to the table on Thursday, amid infighting within the party for a social spending bill much bigger.
Behind everything can be seen the threat that the U.S. federal government will hit its $ 28.4 trillion debt ceiling by October 18, an event that could cause a historical fault.
With such a busy schedule on the line Biden canceled trip to Chicago on Wednesday in order to conduct negotiations with Congress, the White House said.
The House and Senate could vote on a separate bill temporarily raising the debt limit, although it is the subject of fierce partisan battles.
Republican senators refuse to vote for and encourage Democrats to act alone, while the Senate majority leader, Chuck schumer, demanded bipartisan cooperation in a measure aimed at settling debts accumulated under the Democratic and Republican administrations.
This left Democrats scrambling to find a way to pass a bill and prevent a default on U.S. federal debt that that would probably lower the financial markets.
The investment bank Goldman Sachs He described this month’s stalemate as “the riskiest debt deadline in a decade.”
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