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Democrats raise وفاقی 480 billion in federal debt

The House of Representatives on Tuesday at least approved raising the debt limit, defaulting on US debt at least until December, when lawmakers will once again face the problem.

In the 219-206 vote, which strictly follows party lines, the House used a special parliamentary procedure to pass the bill with limited debate and no official recorded vote.

House Speaker Nancy Pelosi, a California Democrat, linked the addition to the debate on three undisputed bills.

“Speaker. [used] A regulation allows a debt limit to be passed under a ‘rule’ – which would prevent a yes or no vote recorded on a bill to increase the debt limit – and to be approved only without a vote. Imagine, “said Berry.

Thus, when lawmakers voted to move the non-controversial bills forward, they also increased the limit on how much the federal government can borrow to pay its expenses of $ 480 billion.

“We are back today to repay the loan and it will continue until December 3,” said Mrs. Pelosi. “If we don’t raise the roof, there will be a loss of 6 million jobs, دولت 15 trillion in household wealth, and a huge increase in costs.”

The increase, which was approved by the Senate last week, now goes to President Biden’s desk. He is expected to sign it before October 18, the date by which the Treasury Department has warned that the federal government will run out of money to pay its bills.

While the law helps default on U.S. debt, it could also set up a showdown between Democrats and Republicans in the near future.

Senate Minority Leader Mitch McConnell, who voted to pass the short-term extension, rejected further support for raising the debt limit. Mr. McConnell, a Kentucky Republican, argues that if Democrats are willing to pursue a “tax and spending” agenda, they must be responsible for making it possible.

Mr. McConnell wrote in a letter to the White House last week that “Republicans have filled the leadership vacuum that has plagued the Senate since January.” “If your All-Democratic government goes into another avoidable crisis, I will not provide such assistance again.”

GOP lawmakers have urged Democrats to unilaterally raise the debt ceiling through a budget compromise.

The process, which Democrats plan to use through Mr. Biden’s $ 3.5 trillion Social Welfare Bill, allows specific spending and tax measures to block the Senate’s 60-vote filebuster threshold and pass it by a simple majority. Gives.

Democratic leaders are wary of using this process as it would force them to announce new money to limit the nation’s debt.

That number, which would exceed the current کی 28.8 trillion limit, opens the door to attack weak lawmakers in next year’s midterm elections.

He also says it is unfair to place the responsibility solely on the party because it involves the costs of both the current federal Republican and Democratic administrations.

“This is our debt. This is America’s debt.” Any of us would get up and say, ‘This is your debt.’ This is America’s debt and America pays its bills.

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