Members of the House of Representatives on Wednesday overwhelmingly approved a bill that suspends the federal government’s borrowing limit until 2025, averting the risk of the US declaring a default on June 5.

The bill, which passed by a vote of 314 to 117, must now be approved by the Senate, where the Democratic majority leader said yesterday that he would bring it up for debate and a vote “as soon as possible” to “avoid a default”. .

The adoption by the House of Representatives of a bill that suspends the borrowing limit of the US state until 2025 is a “critical step forward” secured thanks to the “bipartisan compromise” of the US Congress, President Joe Biden said after this development. according to a press release released by his services.

“Tonight the House (of Representatives) took a critical step forward to prevent the first declaration of default” in US history, the Democratic president said.