Mr. Biden spoke of a “significant step forward”, while pointing out that the conclusion of the agreement was dictated by his “responsibility” to “govern”.
US President Joe Biden expressed his satisfaction on Saturday night (in the early hours today Greek time) for reaching a “compromise” with the Republicans that will allow the debt limit of the US federal state to be increased and “avoid the catastrophic declaration of default”.
He added that the negotiating teams will finalize the text this Sunday and send it to the House of Representatives and the Senate, calling for their approval “immediately”.
He pointed out that the agreement in principle that was concluded “is a compromise, which means that each party does not secure everything that it wanted”. He added that the text – the exact content of which is not yet known, only its rough outlines – would “reduce the [δημόσιες] spending” but “protecting necessary public programs.”
Mr. Biden spoke of a “significant step forward”, while pointing out that the conclusion of the agreement was dictated by his “responsibility” to “govern”.
Earlier, the Republican Speaker of the House of Representatives, Kevin McCarthy, announced that he had reached an agreement in principle with President Joe Biden to increase the borrowing limit of the US federal government, adding that the required votes are expected to be held on Wednesday, May 31.
Source :Skai
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