US debt, ok House to increase the ceiling. Biden: “Crucial step forward”

The text obtained 314 votes in favor and 117 against and must now pass the Senate to definitively avoid the risk of default

The US House of Representatives approved the text to suspend the debt ceiling for two years, until January 1, 2025. There were 314 votes in favor, 117 against. The Senate will now have to express itself.

“The Chamber made a key step forward to avoid the first default and protect our country’s difficult and historic recovery – commented US President Joe Biden – I was clear that the only way forward is a bipartisan compromise that can obtain the support of both parties. This agreement satisfies that requirement.”

From Biden then came theurging the Senate “to pass it as quickly as possible“, so that the president can sign it “and our country can continue to build the strongest economy in the world”.