The final vote was 63-36 and now it will go to Biden’s desk for his signature. “Nobody gets everything they want in a negotiation, but make no mistake: This bipartisan deal is a great victory for our economy and the American people“, said the 80-year-old Democratic leader, adding that he is “impatient” to implement this agreement negotiated for weeks with the Republican caucus.
This is how he reacted to the Senate’s decision to pass legislation to lift the nation’s debt ceiling and avoid what would have been an economically disastrous default days before the deadline of Monday, June 5.
Joe Biden’s words
Noting the bipartisan nature of the vote, Biden said, “Together, they demonstrated once again that America is a bill-paying, bill-paying nation, and always will be.” And he especially thanked Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell.for quickly passing the bill.
Schumer called the debt limit deal a sweeping victory for Democrats late last night during a news conference just after the legislation passed. “The United States can breathe a sigh of relief. Because in this process we are avoiding non-compliance,” he said, considering that “the consequences of non-compliance would have been catastrophic.”
The deal was brokered by Biden, a Democrat, and House Speaker Kevin McCarthy, a Republican, after a long stalemate and a hectic few weeks of negotiations as the United States neared the precipice of its economy.
McConnell, of Kentucky, defended the bill as “an urgent and important step in the right directionfor the health of our economy and the future of our country”.
The House of Representatives had passed a bill late Wednesday to raise the nation’s debt ceiling until January 1, 2025, and President Biden had urged “the Senate to pass it as soon as possible to make it law.”
The final result ofThe vote was 314 votes in favor and 117 against. A total of 149 Republicans and 165 Democrats voted in favor, while 71 Republicans and 46 Democrats voted against.
Source: Ambito
