The US House of Representatives finally agrees to raise the debt ceiling temporarily... Is the crisis of default over?

The US House of Representatives gave its final approval on Tuesday to a bill passed by the Senate to temporarily raise the government's borrowing limit to $28.9 trillion, preventing the risk of debt default until at least early December.

The Democrats - who control a small margin of the House of Representatives - maintained the partisan commitment, so that the House approved an increase in the debt ceiling by 480 billion dollars by 219 votes to 206 votes.

The vote was on a partisan basis, with all those who voted "yes" from Democrats, and all those who voted "no" from the Republicans.

President Joe Biden is expected to pass the bill into law before October 18, after which the Treasury has estimated that it will not be able to pay the state's debt without action from Congress.

The approval of the House of Representatives of the bill prevented fears that the United States, the largest economy in the world, would face a default for the first time, but the temporary extension sets the stage for the continuation of the bipartisan battle in this regard.

"We have temporarily averted the crisis ahead of next week's deadline, but by December members of Congress will have to choose to put the country before the party and prevent a debt default," said Democrat Richard Neil, chairman of the House Tax Balance and Budget Committee.

"We have temporarily averted the crisis ahead of next week's deadline, but by December members of Congress will have to choose to put the country before the party and prevent a debt default," said Democrat Richard Neil, chairman of the House Tax Balance and Budget Committee.

Deadline until December

Republicans stress that Democrats should be solely responsible for raising the debt ceiling because their party wants to spend trillions of dollars expanding social programs and tackling climate change.

In contrast, Democrats say increased borrowing is largely needed to cover the costs of tax cuts and spending programs during the administration of former Republican President Donald Trump, which congressional Republicans supported.

Senate Republican Leader Mitch McConnell wrote to Biden on Friday that he would not work with Democrats on another increase in the debt ceiling.

McConnell came under fire from Trump, the leader of the Republican Party, after the Senate vote.

"I will not be a party to any future effort to mitigate the consequences of Democratic mismanagement," the Republican leader wrote to Biden, noting that another huge spending bill would hurt the United States and help China.

Lawmakers have only until December 3rd to pass legislation to fund the government and avoid shutting it down.

And the battle that has been going on for months, over the debt ceiling, is closely linked to the mid-term congressional elections in November 2022, in which Republicans will try to seize the majority in the House and Senate.