17.6 C
New York
Wednesday, May 29, 2024

Buy now

The US Congress approves a financing plan to avoid the Government’s economic collapse

The United States Congress has approved this Thursday about the cutoff time a provisional financing plan that will keep the Federal Government offices operational at least until December 3, thus avoiding the administrative closure of non-essential public services, after the original project did not have the approval of the Republicans.

The text, which must be signed before midnight on Friday by the president, Joe Biden, has had 254 votes in favor and 175 against in the House of Representatives; and with 65 favorable 35 oppositions in the Senate.

The text that has finally been approved guarantees, among other issues, 28.6 billion dollars to deal with the ravages of the recent hurricanes and forest fires, as well as another 6.3 billion dollars for the resettlement of Afghan citizens, details the CBS chain.

The approval of this measure avoids for the moment a fiscal crisis, such as the one that occurred in 2019, and that cost about 11,000 million dollars to the US economy, when the Government and Congress failed to resolve their disagreements with the budgets.

However, it remains to be seen how the question of the bill that allows increasing the debt ceiling remains, whose approval does not have the approval of the Republicans of the always divided United States Senate, although the Democrats would still have a legal procedure to carry out the measure unilaterally.

At least, says the leader of the Democratic majority in the Senate, Chuck Schumer, this result represents a “ray of hope”, because “one of the biggest problems” that they faced was making sure that the federal government remained open. “Now we can be sure that it will be,” he celebrated.

Meanwhile, the House of Representatives is waiting for another long-awaited vote on an infrastructure bill that does not appear to have the necessary support to move forward.

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected

- Advertisement -spot_img

Latest Articles