An agreement on the US debt has been found, now the vote of the Chambers-Corriere.it

Six days before the default could take place, the United States reached an agreement on the debt. The American president, Joe Biden, and the speaker of the House, the Republican, Kevin McCarthy, have reached an agreement in principle to increase the debt ceiling and drastically reduce federal spending. The agreement suspends the government’s maximum debt limit, currently set at 31.4 trillion and now reached, for a period of two years, i.e. until after the 2024 presidential elections. At the same time, public spending limits will be included for the duration of the same period. For example, the funds for the fight against tax evasion are reduced by 10 billion. Now it will be up to the two Houses to approve the decision. Failure to approve would effectively make the country insolvent starting from June 5, the first time in the history of stars and stripes. This is why the lists – with the exception of Wall Street which was closed – after a rather lively start yesterday, have returned. McCarthy pledged to give his MPs 72 hours to consider the bill, which means another three days of uncertainty. In 2011 only the risk of default, dispelled at the last minute, had cost the United States the downgrading of the rating of US bonds by S&P.