Now both houses of Congress will have to vote on the main bill.
U.S. President Joe Biden on Friday signed an initiative approved earlier by both chambers of Congress, thanks to which lawmakers will soon be able to approve an increase in the debt ceiling under a simplified procedure.
“I have just signed a bill on the accelerated process of raising our debt limit,” the American leader said on Twitter.
As the Hill newspaper explained earlier, now both houses of Congress will have to vote on the main bill on raising the debt ceiling, for its approval a simple majority of votes will be required, which Democrats have in both the Senate and the House of Representatives. Lawmakers have not yet announced how much it will be proposed to raise the borrowing limit, The Hill clarifies.
As the Axios portal, in turn, notes, we are talking about a one-time use of this measure, the initiative approved by Congress and signed by the president does not imply that in the future all bills on the debt ceiling will be approved under an accelerated procedure.