The US House of Representatives votes this week on a bill on the debt ceiling

Baghdad-INA  
Republican US House Speaker Kevin McCarthy announced today, Sunday, that the House will vote this week on a plan to raise the debt ceiling and reduce spending, accusing President Joe Biden of evading negotiation while the possibility of default looms.
 
McCarthy and Biden have been fighting for weeks about ways out of the impasse. While the president calls for an increase the borrowing ceiling without conditions, the Republicans who win the majority of seats in the House of Representatives are calling for a reduction in federal spending in order to reduce the country's debt of 31 trillion dollars.
 
This threatens the United States with the risk of defaulting on its obligations by July or even earlier, with dire repercussions on the local and global economy.
 
"We will take a vote this week and we will pass it and send it to the Senate," said Kevin McCarthy, expressing concern that Biden "has been refusing to negotiate for more than 80 days," that is, since the two political opponents met for talks in February.
 
Speaking of Biden, the Speaker of the House of Representatives added, "He must show a sense of leadership and sit at the negotiating table, instead of pushing us to default," adding, "What he is doing is fraught with risks, and threatens the markets."
 
 President Joe Biden warned that the Republican proposal that returns spending to 2022 levels, imposes a ceiling on future spending, and eliminates “green” tax breaks in exchange for increasing the debt limit by $ 1.5 trillion next year, will lead to “huge cuts” in programs that benefit it millions of Americans.
 
But even if McCarthy succeeds in passing his proposal in the House of Representatives, it will be stalled when it reaches the Senate, where the Democrats have a simple majority.