President Joe Biden said the US government’s approval of the new debt-GDP ceiling in the US Congress is progressing according to plan. The statement was made by the politician at a press conference held at the White House. Associated press.
“I think everything is going according to plan. <..> Hopefully, when I land, Congress will act, the House of Representatives will act, and we will be one step closer.”
According to the American leader, the House of Representatives will pass a bill that will raise the national debt ceiling by the evening of May 31, when it arrives in Colorado on January 1, 2025, that is, around 3:30 Moscow time on June 1. or until 20:30 local time.
According to this agreement Between the Biden administration and the Republican Party, $886 billion will be allocated to defense in fiscal 2024, $121 billion to veterans’ health care, and $637 billion to other non-defense programs.
US defense budget 2023 made It broke a record $843 billion, and it is recommended to increase this figure.
Former US Treasury Secretary Janet Yellen statedthat the country could default on June 5 this year.