“The taxpayer will save some money $2.1 billion. And for the first time in more than a decade, Congress will spend less next year than this year,” McCarthy said.
If approved in the Senate, by a Democratic majority, and gets Biden’s signature, the measure will raise the debt ceiling for the next two years, that is, until after the next presidential election.
In return the White House promises to reduce spending levels and introduce some requirements for food aid programs and vulnerable families.
In addition, part of the drive is reduced to the Public estate previously approved by the Democrats, and streamlines the process of processing infrastructure projects by limiting the time that can be delayed to complete environmental assessments.
“New roads, bridges, highways and gas pipelines will be built faster and faster thanks to the reforms of this rule,” McCarthy said at a press conference after the vote.
Source: El heraldo
Karen Clayton is a seasoned journalist and author at The Nation Update, with a focus on world news and current events. She has a background in international relations, which gives her a deep understanding of the political, economic and social factors that shape the global landscape. She writes about a wide range of topics, including conflicts, political upheavals, and economic trends, as well as humanitarian crisis and human rights issues.
