passed legislation mediate it USA President joe biden And House Speaker Kevin McCarthy to raise the US debt ceiling of $ 31.4 trillion is an important obstacle late Tuesday (May 30, 2023), as it was approved by the Rules Committee and sent to the full House for discussion and a vote expected on Wednesday.
The committee voted seven to six in favor of the legislation to suspend the debt ceiling until January 1, 2025, allowing lip service And lawmakers postpone this the case Politically risky to post Presidential election in November 2024. It also caps some government spending over the next two years, speeds up the approval process for some energy projects, and returns unused COVID-19 money.
If the Republican-controlled House of Representatives passes the bill, it will pass it on to Mr Senate to discuss it and vote on it as well. Both houses of Congress must pass this legislation before June 5, when the Treasury Department will run out of money and will be unable to pay its debts for the first time in US history. And if the Treasury can’t pay, it could wreak economic havoc on the US and global economies. Such a catastrophic scenario would be unprecedented in the United States and would have repercussions at the global level, if it occurred, according to economists.
Stiff resistance from some members of CongressIn its broad outlines, the agreement provides for raising the public debt ceiling for the
United States for a period of two years, that is, until after the presidential elections in 2024. The current ceiling is set at $31,400 billion. The agreement did not include the deep cuts Republicans want, though non-defense spending will remain virtually unchanged next year, increasing only nominally in 2025.
It also provides for a $10 billion cut in tax services money to modernize and strengthen controls, which was a Republican demand, as well as a refund for COVID-19 funds that have not yet been spent. In addition, it will adopt new rules for accessing some federal aid programs.
Both Democratic and Republican leaders have expressed confidence that they will muster the votes needed to eventually pass the text. Details of the settlement were revealed Sunday, giving members of Congress 72 hours to read it in depth. But a vote on it is not a foregone conclusion because the text faces stiff resistance from some members of Congress from both parties.
Conservative Republicans have previously declared their opposition to the agreement, such as Rep. Dan Bishop, who rebuked McCarthy because, in his opinion, he “got almost nothing” in the negotiations. Another Republican, Matt Rosendale, spoke of “an insult to the American people.” On the left, progressive lawmakers have expressed skepticism, such as Ro Kana, who said many Democrats opposed to budget cuts “don’t know yet” how to vote.
M.A.H/H.Z (Reuters, AFP)
Joe Biden.. closing with the highest office in the country
The first constitutional oath in the hospital
When he was 30, jurist Joseph Robinette Biden first became a member of Congress. But it was one of the toughest moments in his life: Two weeks earlier, his wife and one-year-old daughter had died in a car accident. And both sons, Beau and Hunter, were in the hospital injured when Biden was sworn in on the Bible and the Constitution.
Joe Biden.. closing with the highest office in the country
Foreign policy man
As a senator representing Delaware, he did not only work for his state’s causes, especially in the 1970s and 1980s, Democrat Joe Biden earned a reputation as a seasoned foreign affairs politician. In 1979, he met Egyptian President Anwar Sadat, who signed a short time before, through the mediation of US President Jimmy Carter, the historic peace agreement between Egypt and Israel.
Joe Biden.. closing with the highest office in the country
The first competition ended quickly
The first attempt to occupy the highest office in the state was made by Joe Biden during the presidential elections in 1988. But accusations of plagiarism followed him, as he transferred entire paragraphs from speeches of other politicians without announcing them. When questions were asked about his accomplishments during his university life, he withdrew his candidacy after only six weeks.
Joe Biden.. closing with the highest office in the country
The long shadow of the Judicial Committee
As Chairman of the Senate Judiciary Committee (1987 to 1995) Joe Biden presided over the 1991 hearings for Supreme Court nominee Clarence Thomas. Employee Anita Hill accused Thomas before the committee of sexual harassment, which Joe Biden did not respond to. And in 2019, before his presidential candidacy, Biden asked for a pardon, according to Hill, in a half-hearted manner.
Joe Biden.. closing with the highest office in the country
Run for the second time: end with a consolation prize
Twenty years after his first candidacy, Biden (first from the left) ran ahead of the 20 Democrats again as a presidential candidate. Meanwhile, he cemented his reputation as a strong foreign affairs politician, chaired the Foreign Affairs Committee several times, and shone as a centrist who also sympathized with the Republicans. In the end, Obama (fourth from left) became president, and Biden became vice president.
Joe Biden.. closing with the highest office in the country
Obama’s man for international affairs
President Barack Obama sought the help of Vice President Joe Biden, especially in the things he is good at: talking with foreign partners from whatever continent they are. Biden is also considered a believer in pluralism and convinces others of it. During the eight years as vice president, Biden met with former European Council President Donald Tusk (photo), and almost all senior European politicians.
Joe Biden.. closing with the highest office in the country
Running for the third time and achieving success
Joe Baden returned to the ball at the age of 77. And after the Democratic election campaign in 2019, it became clear that he would appear before Donald Trump, and not the socialist Bernie Sanders, who is a year older than him. What helped him in this is the hope that he is the man of balance between Democrats and Republicans who presents the counter-project before the president, who bets relentlessly on polarization.
Joe Biden.. closing with the highest office in the country
Finally in the White House
For nearly half a century, Joe Badin left his mark on American politics. And now, at the age of 78, he is crowning his political and professional career with the highest office in the state. No American president was that old when he took office. Perhaps this will give him wisdom in achieving the unity of divided American society.
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2023-05-31 06:18:46
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