Republicans in the US Senate blocked the draft law on the financing of the Government and the increase in the ceiling of public debt, and now the Democrats will have to try to avoid the housing threat of economic disaster, writes CNBC.
The Congress remains less time to prevent the shutdown – a temporary decline in the operation of federal authorities. Approve financing is necessary until October 1. If the state holder limit is not raised, the United States risks a default. The Democratic Party will now have to go to a row of maneuvers to avoid serious negative consequences that can cost the work of millions of Americans. Republicans can force their opponents to adopt a bill on short-term financing, and then independently approve the increase in the ceiling of the public debt, possibly within the agreement on the infrastructure plan by 3.5 trillion dollars.
Democratic leader in the Senate Chak Sumer has already stated that this week the party plans “further actions” to prevent the shutout and default. He did not specify the essence of the plan. In the White House, in turn, reported that President Joe Biden on the phone discussed the following steps of Democrats with the Sumer and Speaker of the Chamber of Representatives of the US Congress Nancy Pelosi.
Financing of the government and the ceiling of the public debt are two separate issues. In the Republican Party, they argue that they are ready to vote for short-term financing, but will not provide support on the issue of debt. “Vote for raising the limit Republicans will not be,” said the party leader in the Senate Mitch McConnell.
Earlier, US Finance Minister Janet Yelevlen has repeatedly warned that the reluctance of the legislative bodies to raise the Ceiling of the public debt may lead to the fact that the United States will be on the verge of an economic catastrophe. In mid-September, she called on Congress until October to decide on debt to avoid default on government payment obligations.