WASHINGTON – US President Joe Biden confirmed this Sunday that he has reached a final agreement to raise the debt ceiling with the Republican leader in the House of Representatives, Kevin McCarthy, and that the text is ready to be voted on in Congress. .
“The agreement represents a commitment and this means that nobody has everything they want, but that is the responsibility of governing,” said the president at a press conference in which he called on the two chambers to approve the rule that will prevent the United States from States enter into suspension of payments.
“I strongly urge both houses to pass that deal. Let’s keep moving forward in meeting our obligations and building the strongest economy in the world,” Biden said at the White House.
Although not many details of the agreement are known, the Democrat explained that it has been achieved after making some concessions in the budget, but that in no case has “much” been given.
Thus, asked about the risk that progressive legislators think that too many concessions have been made, Biden replied: “You will see how I have not done it.”
The president stated that he believes that the Republicans have negotiated “in good faith” and that he is convinced that McCarthy has sufficient support from his party to pass the law. “If not, I don’t think we would have gotten the deal,” he said.
Through a message on social networks, Biden explained that the agreement protects the priorities and achievements of his Government, rejects “extreme cuts” in programs for veterans, the elderly and vulnerable families; it protects Social Security and its Medicare and Medicaid programs and maintains the student debt relief program for 40 million people.
Legislators and senators will now have a few days to read the bill, which will first be voted on in the House of Representatives next Wednesday the 31st, five days before the date announced by the Treasury Secretary, Janet Yellen, as the limit to enter in suspension of payments.