After days and days of negotiations between Republicans and Democrats, members of the US Congress have finally come to an agreement.
"I have good news," Senate Democratic Leader Chuck Schumer said Thursday, announcing an agreement to "extend the country's debt ceiling" until December.
A maneuver which should pass "as of today" and would avoid a potentially catastrophic default for the United States.
Indeed, without this agreement, the world's largest economy would have found itself in bankruptcy on October 18, when the US Treasury estimated that the country would be short of liquidity.
Clearly the agreement decided on Thursday amounts to increasing the country's debt capacity.
This maximum amount of US debt, managed by Congress, was set at just over $ 28 trillion.
The United States, which like almost all major economies has been living on credit for decades in terms of public spending, has already raised this famous "ceiling" countless times.
But the Republicans had started during the Obama presidency to use this routine legislative maneuver as an instrument of political pressure.
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