United States, agreement reached to raise the debt ceiling until December

Senator Chuck Schumer on Capitol Hill (Ansa)

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October 07, 2021 The leaders of the US Senate have reached an agreement on an agreement that plans to extend the debt ceiling until the month of December.

This was announced by the leader of the Democratic majority Chuck Schumer.

"We have reached an agreement to extend the debt ceiling until early December and we hope to vote on it as soon as possible today," said Schumer.

Raising the cap will head off any government default on federal payments and avoid a default.

After weeks of stalled talks, Democrats have accepted Republican Senate leader Mitch McConnell's proposal to raise the debt limit by a specific amount that would be enough to keep the Treasury running until December, when Congress is expected to vote once again. .

The agreement between Republicans and Democrats calls for raising the US federal debt limit of $ 480 billion.

The Washington Post writes, citing an internal source in the Senate.