The Democratic Chief of the Senate, Chuck Schumer, announced Thursday that this agreement would allow to extend the country’s debt ceiling until December.
Le Monde with AFP
There was only a few days before October 18th. An agreement was found at the US Congress to avoid a potentially catastrophic payment defect in the United States, Thursday, 19 October, announced the Democratic Chief of the Senate, Chuck Schumer.
“I have a good news, we found an agreement to prolong the debt ceiling” until December, he said from the haemicycle of the upper room, saying to make him pass ” From today “.
Increase the country’s debt capacity
This agreement to meet the US debt, found after days of negotiations with the Republicans, would allow the first global economy to avoid ending in cessation of payment as of October 18, when the US Treasury is Believed that the country would be short of cash.
Clear: This amounts to increasing the country’s debt capacity. This maximum amount of US debt, managed by the Congress, was set at a little more than $ 28,000 billion.
The United States, which like all the great economies or almost live on credit for decades with respect to public expenditure, have already identified innumerable times this famous “ceiling”.
But the Republicans had begun during the Obama Presidency to do this legislative maneuver a political pressure instrument.