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 ipartisan commission will also be set up to seek further reforms.

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Age : 23
Localisation : US
Date d'inscription : 09/07/2011

MessageSujet: ipartisan commission will also be set up to seek further reforms.   Lun 1 Aoû - 16:53

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Washington awoke on Monday to headline about a deal instead of fear of a default and economic meltdown
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The US Congress is preparing to vote on a deal struck between the White House and party leaders that would end weeks of uncertainty and avoid a default.

Sunday's deal would raise the debt ceiling by up to $2.4tn from the current $14.3tn and would cut the US budget deficit by a similar amount.

A bipartisan commission will also be set up to seek further reforms.

The deal needs to pass both houses of Congress to become law, but elements of both parties are expected to oppose it.

Republican and Democratic leaders in the House of Representatives and the Senate are to spend Monday meeting their own party members and attempting to convince them of the merits of the bipartisan deal.

The BBC's Jane O'Brien says the package is still likely to be a tough sell, with some Republicans and Democrats in the House remaining opposed to different aspects.

Newly elected Republicans have consistently refused to compromise in the debate over the debt ceiling, with many insisting on deep and immediate spending cuts and a constitutional amendment to force the US to balance its budget.

Many Democrats, meanwhile, strongly oppose the prospect of cuts to social programmes, benefits and health care for the elderly or lower-paid.
'We've changed the debate'

The most intense debate on the deal is likely to come in the House of Representatives, where the divisions are most pronounced.
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