Biden confirms that the debt ceiling deal is ready for a vote in Congress

US President, Joe Bidenconfirmed this Sunday that he had reached a final agreement on raising the debt ceiling with the Republican leader in the House of Representatives, kevin mccarthy, and that the text is ready for voting in Congress. “The agreement is binding and that means nobody has everything they want, but it’s the responsibility of governance,” the president said at a news conference where he called on the two chambers to approve a rule that would prevent states from entering into a suspension of payments.

“I strongly urge both houses to pass that deal. Let’s continue to make progress in meeting our commitments and building the strongest economy in the world,” Biden said at the White House.

Although many details of the deal are not known, the Democrat explained that it was reached after the agreement some concessions in the budget, but that in no case did he give “much.”

Asked about the risk of progressive lawmakers thinking too many concessions have been made, Biden replied: “You’ll see I haven’t.”

The president said he believed Republicans had negotiated “in good faith” and that he was confident McCarthy had enough support from his party to pass the bill. “Otherwise, I don’t think we would have gotten the deal,” he said. Through a message on social networks, Biden explained that the pact protects the priorities and achievements of his administration, rejects “extreme cuts” in programs for veterans, seniors and vulnerable families; protects Social Security and its Medicare and Medicaid programs and maintains a student debt relief program for 40 million people.

US lawmakers and senators will now have a few days to read the bill, which will first be voted on in the House of Representatives this Wednesday, five days before the date announced by Treasury Secretary Janet Yellen as the deadline for suspending the payments.