USA, House votes on raising the debt ceiling

The US House of Representatives has approved the bipartisan agreement to raise the debt ceiling for two years, in exchange for some budget cuts.Now it's up to the Senate to express itself before June 5, the date indicated by US Treasury Secretary Janet Yellen as the deadline to avoid a default.

The House has taken a crucial step forward to prevent the first-ever default and protect our country's historic hard-earned recovery.I have been clear that the only way forward is a bipartisan compromise that can gain support from both sides.

This agreement satisfies this test": US President Joe Biden tweeted it, after the House approved the agreement to increase the debt ceiling.The US president therefore urges "the Senate to pass it as quickly as possible, so that I can turn it into law and our country can continue to build the strongest economy in the world.