The US Chamber of Representatives has adopted a bill on the temporary increase in the Ceiling of the public debt to 480 billion dollars. In the theory, the law can prevent default. Voting was broadcast on the Congress website.
On October 8, the bill accepted the US Senate. For his adoption, 50 senators spoke, 48 opposed.
In early October, US President Joe Biden called on republicans to vote for the increase in the limit of the US public debt. Party member for a long time opposed this measure due to the potential increase in government spending, but the Ministry of Finance announced the need for decisive actions and set the period until October 18. The transaction has already caused a negative reaction from the former president of Donald Trump and his supporter, Republican Senator Lindsay Graham.