Default risk eliminated | Economy News

The risk of default was eliminated by the US Senate agreeing to temporarily raise the borrowing limit.

The U.S. Senate yesterday passed legislation that would remove the risk of default by temporarily raising the federal government’s $28.4 trillion borrowing limit. The decision on a longer-term solution was left until December. The resolution, which caused a debate among the parties in the USA, passed the Senate by a vote of 48 to 50.

The bill, which passes the Senate, will be submitted to the House of Representatives for approval before it is sent to the White House for President Joe Biden’s signature. According to the information given by the office of Democratic Party member Steny Hoyer, the law will be voted in the House of Representatives next Tuesday.

“President Biden wants to sign this bill as soon as it gets to his desk after it’s been approved by the House of Representatives,” White House spokeswoman Jen Psaki said yesterday.


Source: bigpara- GÜNDEM by

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