Biden signs a financing bill to avoid the Government’s economic collapse

Pelosi delays the vote on the infrastructure bill due to conflicts between Democratic sectors

The president of the United States, Joe Biden, has signed this Thursday the bill for an interim financing plan that will keep the offices of the Federal Government operational at least until December 3, thus avoiding the administrative closure of non-essential services.

The United States Congress has previously approved this Thursday, at the deadline, the provisional plan, after the original project has not had the approval of the Republicans.

Specifically, the measure has had 254 votes in favor and 175 against in the House of Representatives; and with 65 favorable 35 oppositions in the Senate.

Biden, who had to sign the text before midnight on Thursday, has promulgated hours before the “Law of extension of government funds and provision of emergency assistance” that includes the provisional financing measure, as reported by the White House.

The plan 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.

After signing the measure, Biden has stressed that it “meets the critical and urgent needs of the nation”, such as disasters, the fight against COVID-19 or the opioid crisis.

“There is much more to do. But the passage of this bill reminds us that bipartisan work is possible and gives us time to approve longer-term funds to keep our Government functioning and complying for the American people,” he added. about.

On the other hand, it remains to be seen how the question of the bill that allows to increase 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.

DRAFT INFRASTRUCTURE LAW
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.

In fact, the president of the United States House of Representatives, Nancy Pelosi, has decided this Thursday to postpone the approval of the infrastructure plan due to the differences between the different sectors of the Democratic Party.

Pelosi’s decision came after hours of intense negotiations with the progressive sector, as reported by the US network CNN.

Negotiations are expected to resume this coming, according to White House spokeswoman Jen Psaki, who, in a statement, has expressed Biden’s gratitude to the Speaker of the House of Representatives and the majority leader of the House of Representatives. Senate Chuck Schumer for his “extraordinary leadership.”

“This week has made a lot of progress and we are closer than ever to an agreement. But we have not reached it yet and, therefore, we will need a little more time to finish the work, starting early tomorrow morning,” he said. specified.

Psaki has assured that “although the Democrats have some differences”, “they share the common goals of creating good unionized jobs, building a clean energy future, cutting taxes for working families and small businesses, helping to give those families a break in basic expenses, and to do so without increasing the deficit, making those at the top pay their fair share. “

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