US Senate reaches an agreement to avert default by lifting national debt ceiling

The US Senate reached an agreement to avert default by lifting national debt ceiling. “We have reached an agreement to lift the deb...

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  • The US Senate reached an agreement to avert default by lifting national debt ceiling.
  • “We have reached an agreement to lift the debt ceiling until the beginning of December,” announced Chuck Schumer.
  • To become law the initiative would still need to receive the approval of the House of Representatives.

Democrats and Republicans in the US Senate have reached an agreement to lift debt ceiling and prevent the country from incurring a suspension of national debt payments on October 18, the leader of the Democrats in that chamber, Chuck Schumer, announced this Thursday.

The agreement will allow to lift the debt ceiling until December 3 and avert the dreaded suspension of payments, which could have unleashed chaos in the financial markets and lowered the United States’ solvency score, AP reported.

Senate reaches agreement on national debt

DEBT AGREEMENT
Photo: AP

“We have reached an agreement to extend the debt ceiling until early December,” Schumer announced from the floor. The Democrat pointed out that the Senate could vote this Thursday on a bill to resolve that issue, although a time has not yet been set for that vote.

To become law, the bill would still need to be approved by the Democratic-majority House of Representatives. Right after Schumer announced the deal, the Dow Jones Industrials, Wall Street’s leading gauge, rose 540 points or 1.56%; while the composite index of the Nasdaq market, in which the most important technology companies are listed, rose a notable 1.43%.

Temporary solution

DEBT AGREEMENT
Photo: Twitter

The rapprochement between the two parties comes after this Wednesday the leader of the Senate Republicans, Mitch McConnell, offered a deal to the Democrats to find a temporary solution.

Specifically, McConnell said he was willing to suspend the debt ceiling until December of this year, instead of until December of next year as the Democrats wanted, who do not want to talk about that issue during the campaign for the November legislative elections. 2022.

National debt

debt agreement
Photo: Twitter

McConnell explained this Thursday from the hemicycle that the advisers of the Democrats and Republicans had “negotiated throughout the night in good faith” and filed the details of the pact.

“The majority (Democrats) did not have a plan to avoid defaulting on the debt, so we took a step forward,” said the Republican, almost gloating that his plan is finally going to be approved by Congress.

Republicans have great power in the Senate

republicans
Photo: Twitter

Republicans have great power in the Senate because they can block laws and prevent them from being put to the vote, since to pass any legislation the support of 60 senators is needed and currently the chamber is divided in half with 50 seats for the conservatives and 50 for Democrats.

Democrats, however, have the majority because they have a runoff vote from Vice President Kamala Harris, who is serving as Speaker of the Upper House. This situation regarding the debt ceiling occurs because, unlike other countries, in the United States the government can only issue debt up to the limit established by Congress, which has the power to raise that ceiling as it sees fit.

Biden lifts Trump ban on referring abortions at family planning clinics

Protesters disagreed with a controversial law putting new time limits on abortion in Georgia.
Photo: GettyImages

On the other hand, amid political and legal battles, the administration of President Joe Biden lifts a ban imposed by former President Trump on referring abortions at family planning clinics.

On Monday, the Department of Health and Human Services (HHS) said they will restore the federal family planning program, which will work again as it did during the Obama administration, when these clinics could refer women seeking abortions to providers. Filed Under: National Debt Agreement.

Biden lifts Trump ban on referring abortions at family planning clinics

Biden lifts Trump ban on referring abortions at family planning clinics
Photo: AP

Xavier Becerra, HHS secretary, said the goal is to “strengthen and restore” services; while the defense organizations stated that there were some 1,300 clinics that were waiting for this government action.

Clare Coleman, president of the coordinating group National Association for Family Planning and Reproductive Health, said in an interview: “I heard that in almost every part of the country people have made the decision that conditions will be good for them to return to the program. My feeling is that people have been waiting for the period ”. Filed Under: National Debt Agreement.

Returning to family planning

Biden lifts Trump ban on referring abortions at family planning clinics
Photo: Twitter

“The Biden administration is ending the gag rule on #TitleX funding. Our health centers look forward to once again providing access to high-quality, affordable sexual and reproductive health care through this program. Thank you @POTUS and everyone who organized to make this happen! ”Applauded Planned Parenthood in a Twitter post.

The largest service provider welcomed that its health centers could resume the program, but took the opportunity to criticize that they allowed anti-abortion doctors not to offer women a referral. At this point, the Biden administration only indicated that it is something “in accordance with applicable federal law.” Filed Under: National Debt Agreement.

Trump ban

Photo: Twitter

During the Trump administration, clinics were prohibited from referring women who were considering an abortion to a specialized provider. This caused the program to virtually disintegrate due to a massive recall by independent providers, states and organizations that were affiliated with Planned Parenthood, the AP reported.

More than $ 250 million dollars a year are allocated to the operation of the program known as Title X. With this taxpayer-funded program, the clinics offer mainly low-income women birth control services and basic medical care. Filed Under: National Debt Agreement.

The “gag rule”

Biden lifts Trump ban on referring abortions at family planning clinics
Photo: AP

Women affected by the ban and advocates of the program called Trump’s action a “gag rule,” while medical organizations said it was a violation of the doctor-patient relationship.

Of course, on an issue as sensitive as abortion there were also those who defended the former president’s measure, such as the country’s religious and social conservatives. But Coleman says that added to the service shutdowns by COVID-19, “this has been a huge blow to the system.” Filed Under: National Debt Agreement.

Family planning clinics

Protesters disagreed with a controversial law putting new time limits on abortion in Georgia.
Photo: GettyImages

According to 2018 figures, family planning clinics treat about 3.9 million patients a year, although it is estimated that with Trump’s ban that number has fallen by almost 40%. HHS also says the former president’s decision may have affected more than 180,000 unintended pregnancies.

Abortion remains a deeply ideologically charged issue. In places like Texas and Mississippi, state laws are really restrictive, so supporters of abortion rights continue to speak out against it. Filed Under: National Debt Agreement.

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