Original title: us Senate has reached agreement on extending the emergency debt ceiling to early December Source: CCTV News client
Chuck Schumer, the majority leader in the US Senate, announced on Oct. 7 that the Senate had agreed on an agreement to extend the emergency debt ceiling until early December, which would prevent the US government from defaulting on its national debt in mid-October.
Schumer said he hoped to finish the work on the same day. "We have reached an agreement to extend the debt ceiling until early December, and we hope to finish this work as soon as possible today," he said. "
The United States reached the federal borrowing limit in July, and Treasury Secretary Yellen warned Congress that the ceiling needed to be raised by October 18, or the United States would face the risk of historic default. But measures to raise or suspend the debt ceiling have met with opposition from Republicans.
In recent years, the debt ceiling issue has increasingly become an important bargaining chip in the bipartisan game in the United States. Some political analysts have pointed out that under the existing political system of the United States, the debt ceiling has been reduced from an economic issue to a political tool of bipartisan struggle, which is the reason why the debt problem has repeatedly developed into a crisis. (CCTV reporter Xu Jie)