Wednesday, August 3, 2011

The U.S. Senate adopted the bill on the debt

After the House of Representatives, the U.S. Senate approved Tuesday, August 2, the bill raising the debt ceiling. The text was then promulgated by President Barack Obama, which allows the U.S. to avoid a default, hours before the ultimate limit set by the Treasury. Elected officials have approved the text by 74 votes against 26 the day after its adoption in the House of Representatives.

The compromise reached Sunday night at torn between the White House and congressional leaders allows an increase in the ceiling of U.S. debt. The measure is accompanied by budget cuts. "This is not the deficit reduction plan that I wrote," he said Tuesday, shortly before the vote, the Republican minority leader, Mitch McConnell, the Senate.

The Republicans would have liked even more budget cuts. The Democratic leader, Harry Reid, then stressed that it was a "compromise" between two parties disagree. But he added that "the majority of Democrats, independents and Republicans believe that this arrangement is unfair because the rich have not helped." Shortly after the vote, U.S. President Barack Obama urged Congress to take action to stimulate the economy and create jobs. "We must do everything we can to fairecroître this economy and put America to work," said the president. Barack Obama also scolded Congress for having launched a war of trenches on deficits and public spending rather than focusing on unemployment.

U.S. President listed a list of measures he wants voiradopter by Congress in September to revive the U.S. economy. He particularly mentioned the need to facilitate administrative procedures for small businesses, to call on private companies to rehabilitate infrastructure and to adopt several trade agreements that have been set aside in the legislative process.

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