The White House is confident that the bill to raise the debt ceiling will go ahead despite Republican extremists threatening to block its passage, Office of the Budget Director Shalanda Young said Tuesday.
“You have to have some faith in the ruling majority. I have a lot of respect for the members of both sides, that they are going to do what is best for the American people and that is not something naive because I know them and I have always thought that we could get here if we let the extremes disappear, ”he pointed out in a wheel press.
The hard wing of the US Republican Party on Tuesday reinforced its offensive against the bill reached this weekend, and whose vote is scheduled for Wednesday in the House of Representatives. The members of the Freedom Caucus, who are part of the most right-wing Republican side, asked their ranks to mobilize against this regulation that seeks to prevent sovereign debt default before June 5, the date on which the Treasury Department calculates that the country will exhaust its reserves.
On the Democratic side, some of the most progressive legislators have also shown their opposition or reluctance firmly in this regard, but Young on Tuesday avoided offering any type of calculation on the Democrats who will support the bill. The director of the Budget Office once again defended the agreement reached over the weekend, after intense weeks in which she has been left “without clean clothes,” she joked. A “reasonable” agreement that has not been “easy”.
“This is an agreement that not only prevents this country’s first default, but will protect our historic and hard-won economic recovery,” Young said. This pact, she added, “represents a compromise.” “Nobody gets everything they want and tough decisions have to be made. Negotiations require giving and receiving and that is the responsibility of governing ”, he declared.
The bill maintains non-defense spending in 2024 and increases it by only 1% in 2025, and although the cuts will not affect health programs or social security, some social programs will be affected, such as the Temporary Assistance for Needy Families. The vote in the Lower House depends first on its Rules Committee, which meets this Tuesday, authorizing it to continue its parliamentary process.
It is made up of 4 Democratic and 9 Republican legislators, including 3 of the most staunch conservatives: Chip Roy, Ralph Norman and Tom Massie. If you authorize it, the House of Representatives vote is scheduled to occur tomorrow. After this, the norm would have to be approved by the Senate, all before the June 5 deadline in which the United States would officially enter into suspension of payments.
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