The danger of America's bankruptcy is over

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The threat of bankruptcy of the United States has been removed, the procedural vote passed, the bill will now be presented in the House of Representatives.

The resolution regarding the action in the House was passed by 241 votes against 187. With the approval of the vote, the debate on the bill has started and the way for voting on it has been paved.

A bill to suspend the debt ceiling of $31.4 trillion will be introduced in the House shortly.

There are 213 Democrats and 222 Republicans in the House, but 29 Republicans oppose the bill.

Thus, Republicans need the support of rival Democrats to pass the bill.

The Republican Speaker of the House of Representatives, Kevin McCarthy, says that the voting on the bill will take place at 8:30 pm local time, which means 5:30 am Pakistan time, and it will be approved.

He said that if the legislation is passed, the loan limit will be suspended until January 1, 2025.

In this way, politics will not be able to shine on this issue in the presidential election to be held in November 2024.

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