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Credit: Ball in the Court of the US Congress

Credit: Ball in the Court of the US Congress

Returning from a long holiday weekend, elected representatives of the Republican-controlled House of Representatives begin examining a budget bill resulting from a deal reached Saturday to raise the U.S. debt ceiling in exchange for budget cuts.

The first key meeting of the House Rules Committee is scheduled for later in the afternoon and should give an indication of the state of the forces, while a cross section of conservative and progressive elected officials oppose a weekend compromise after marathon talks.

If all goes well, Kevin McCarthy plans a vote in the forum on Wednesday. With a Democratic majority, it’s the Senate’s turn to take over.

Joe Biden, who is running for re-election in 2024, is playing up his political credentials on the issue, continuing on Monday to hold consultations across the board to sell the deal to his troops, a White House official said.

Looks goodHe confidently told reporters. I would never say I have confidence in what Congress will do, but I have a good feeling.

On Sunday evening, he had called Definitely Elected officials to adopt the legislation were the result of a compromise he negotiated with the Republican opposition.

The deal averted the worst crisis: a default for the first time in our nation’s history, an economic recession, devastated retirement savings accounts, and the loss of millions of jobs.He argued.

Avoid a bad situation

Time is running out: The U.S. Treasury has set Monday, June 5, from which date the U.S. government faces a cash crunch, unable to pay its debt and its bills, pensions, or employee salaries. Federal.

Such a catastrophic scenario would be unprecedented in US history and, according to economists, would have global consequences.

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In broad outline, the deal reached this weekend raises the U.S. public debt ceiling for two years, so after the 2024 presidential election. It is currently pegged at $31.4 trillion.

Non-defense spending will remain unchanged next year and will increase only nominally in 2025.

It would cut $10 billion in funding for the tax services to modernize and strengthen regulations that Republicans had called for, and restore funds earmarked for the fight against Covid-19 and yet to be spent.

The compromise, to the ire of Democrats, also included new conditions imposed on beneficiaries of some social assistance, including food stamps.

72 hour consultation

They hope that Democratic and Republican leaders will eventually muster the votes needed to pass the text.

It was released in detail on Sunday, giving elected officials 72 hours to deliberate in depth.

But the vote was inconclusive and the text was subject to fierce opposition from some elected officials on both sides.

Conservative Republicans have already announced their opposition to the text, including Rep. Dan Bishop, who said no. He insulted McCarthy. Almost nothing was found.

Another elected Republican, Matt Rosendale, spoke about a Shame on the American people.

On the left, progressive elected officials express their skepticism, as does Ro Khanna. According to him, many Democrats opposed the budget cuts. Not sure yet What will their vote be?