Republican Senate Majority Leader ‘Cooperates with Democrats’
Expected to avoid the national default on the 18th
Biden criticizes Republicans playing Russian roulette
[아시아경제 뉴욕=백종민 특파원] The Republican Party of the United States has announced that it will agree to resolve the debt ceiling issue, which has raised concerns about the country’s default. The New York stock market stopped falling and succeeded in rebounding.
Republican Senate Majority Leader Mitch McConnell has announced that it will agree to a deal to increase the debt ceiling.
Republican Senate Minority Leader Mitch McConnell announced in a statement on Monday that it would agree to a temporary waiver of the federal debt ceiling until December.
“We will allow normal processing of the Democrats’ debt ceiling suspension bill to protect Americans from the Democrat crisis,” McConnell said.
As a result, the Democratic Party is expected to secure more than 60 votes necessary to pass the procedural vote on the extension of the debt limit, which was scheduled to be dealt with by the Senate on the same day. In addition, it is expected that the US will be able to escape from the default crisis of the US national debt, which was foretold on the 18th.
McConnell and Senate Minority Leader Chuck Schumer are expected to meet on the same day to discuss future countermeasures.
The change in the Republican attitude came after President Joe Biden and Democrats pressured that a failure to raise or extend the debt ceiling would lead to unprecedented national bankruptcy and that Republicans should be held accountable.
President Biden met with business leaders at the White House on the same day, accusing the Republicans of playing a game of Russian roulette and discussing the impact that a failure to raise the debt ceiling could have on the U.S. capital market and on individuals. .
Treasury Secretary Janet Yellen, who attended the meeting, said, “Failure to raise the debt ceiling is catastrophic for both individuals and businesses. He urged Congress to take immediate action.
The New York Stock Exchange immediately rebounded after McConnell’s comments were delivered. As of 2:30 p.m., the Dow is up 0.09%, the S&P 500 is up 0.18%, and the Nasdaq is up 0.38%. The Nasdaq fell 1.5% this morning.
New York = Correspondent Baek Jong-min cinqange@asiae.co.kr
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