They finalized the agreement with the Republican Speaker of the House.
He declared that the catastrophic deficit of the United States could be avoided by agreeing on the budget Joe Biden The president is in Washington on Sunday night, after finalizing the agreement he made Saturday with the Speaker of the House.
And the president negotiated on Sunday With Kevin McCarthy With the Republican leader in the House of Representatives. Joe Biden said at the press conference held at the White House that it was made clear at the beginning of the negotiations that they could only move forward with a bipartisan agreement, adding that he had to make few concessions to the Republicans.
On Sunday, the president made a confident statement about the adoption of the legislation this week. According to him, he is confident that legislation related to reducing budget expenditures and raising the state’s debt limit can be signed before him.
In a statement released on Saturday, the president described the agreement as an important step in reducing government spending while protecting important programs available to workers and ensuring economic growth.
Kevin McCarthy, the speaker of the House of Representatives in Congress, said at his news conference Sunday that while Republicans didn’t get everything they expected, Democrats should have taken a much larger step back. Among the results he achieved in the negotiations, the Republican Speaker of the House stated that the government will withdraw the 2023 increase in the budget of the Federal Tax Authority, and the remaining amount of the fund that was established to mitigate the impact of the coronavirus epidemic will be returned to the budget.
Kevin McCarthy told Fox News Sunday morning
He confirmed that a vote in the House of Commons could take place no later than 72 hours after the preparation of the final text of the bill expected on Sunday evening.
Kevin McCarthy made a promise when he was elected Speaker of the House to allow at least three days for all legislation, so that Representatives would have time to read and consider the bill before voting on it.
The risk of weeks of fierce negotiations between the Democrat-led White House and the House-led Republicans was raising the national debt ceiling, without which the United States would not be able to pay its national debt, which is set to expire. At the beginning of June.
And based on previously published information about the agreement, in return for reducing budget spending, the Republicans agree to raise the upper limit of the US national debt for a period of two years, or about $ 4 trillion.
(MTI)
