After several weeks of political confrontation, Joe Biden promulgated a law on Saturday that eliminates the risk of a default in payment by the United States, the White House announced. The US Congress adopted this week this text which allows the suspension of the public debt ceiling of the United States until January 2025, and which also sets certain budgetary objectives. The president thanked House officials, including Republican Leader Kevin McCarthy, for their “collaboration” on the file, according to the White House statement Saturday.
“Finding consensus across partisan divides is difficult. Unity is difficult. But we must never stop trying,” he added, echoing the message of reconciliation that had marked the start of his term, and which now punctuates his campaign for 2024.
Also a presidential candidate for 2024, the Republican billionaire had called for keeping a hard line in negotiations with the White House. In the end, each side more or less claims victory. The Republicans are delighted to have pulled off a freeze on certain expenditures, the Democrats are pleased to have essentially preserved social benefits as well as major investments.