Florida and the entire country deeply concerned: United States Debt Limit, House Begins Debate on Bipartisan Agreement to Avoid Default

(By Juan Maqueda) The agreement between the White House and Republicans to raise the US debt ceiling cleared its first legislative hurdle on Tuesday as a House committee allowed its debate to proceed starting Wednesday in the chamber.

This step, necessary for the House of Representatives to vote on the agreement, was achieved despite resistance from some of the more radical members of the Republican Party. They have criticized the plan, believing that it does not achieve sufficient cuts in public spending.

"I want to be very clear. No Republican should vote in favor of this agreement. We are working hard to make sure it is stopped," said conservative lawmaker Chip Roy, one of the voices speaking out against the pact, during a press conference.

The House Rules Committee agreed by a vote of seven in favor and six against to advance the legislative process.

If passed, the compromise reached over the weekend between US President Joe Biden and House Speaker Kevin McCarthy, a Republican, will raise the debt ceiling for the next two years, extending beyond the upcoming presidential elections.

In return, the White House commits to reducing spending levels and introducing some requirements for food aid programs and vulnerable families.

Congressional approval of the agreement is crucial to prevent the country from defaulting on its public debt after reaching the debt ceiling in January, the legal limit on the amount of money the US can borrow to fulfill its obligations.

Lawmakers have until June 5th to pass the measure in both chambers, which is the date the Department of the Treasury estimates the country will exhaust its reserves.

The agreement has faced criticism from some of the more radical members of the Republican Party, who have called for its rejection, as well as from some progressive members of the Democratic Party.

However, it enjoys the support of the leadership of both parties in both houses of Congress.

During a press conference on Tuesday night, several House Republicans expressed their support for the proposal and expressed confidence that they will have the necessary votes to move it forward on Wednesday.

"There were members this morning who were undecided and had very valid questions. They received the information, and tonight they said they will vote in favor. I think we will continue to see support grow; that's what happens with all major legislation," said House Majority Leader Steve Scalise.

Conservatives also argued that the proposal is just the beginning of an offensive to limit what they perceive as excessive spending by the Biden administration and the Democrats in Washington.

Lawmakers have until June 5th to pass the measure in both chambers, which is the date the Department of the Treasury estimates the country will exhaust its reserves.

Reactions:

Members of the Freedom Caucus, representing the more right-wing faction of the Republican Party, called on the media to rally their ranks against the legislation aimed at avoiding a sovereign debt default.

"I had no idea that there would be such a short-lived and noxious plan like this. I will vote 'no' and urge my colleagues to vote 'no' as well," added Andy Biggs, who last week introduced a bill advocating for utilizing unspent allocated funds, such as COVID relief, to postpone the date of the likely default and continue negotiations.

"Negotiating does not mean completely ignoring what we had approved," criticized Congressman Ralph Norman.

Congresswoman Lauren Boebert agreed that the House had done its job and that neither President Joe Biden nor the Democrat-controlled Senate had done theirs. "If every Republican voted according to what they campaigned for, they would vote against this bad agreement tomorrow," she argued.

(With information from EFE and AFP)

Tu opinión enriquece este artículo:

El trofeo invisible pero invaluable que ganó Norris (lo que nadie te cuenta sobre ser campeón en la F1, hoy)

(Por Juan Maqueda en equipo con Mauricio, Martinez Bueno, Destefano y la comunidad Ristretter) Cuando Lando Norris levantó aquel trofeo de 5,5 kilogramos en Abu Dhabi, el mundo vio el clímax de una historia deportiva. Pero lo que realmente ocurrió ese día representa una lección magistral en branding personal, economía del entretenimiento y construcción de legado que Miami – epicentro del show business latinoamericano – debería estudiar con lupa microscópica.

(Tiempo de lectura de valor: 4 minutos)

Adidas despliega su arma secreta en Londres: el "Hybrid Hotel" (una muestra más de la era del ecosistema-crossing de expansión de categorías)

(Por Maurizio y Rodriguez Otero) Qué más necesitas ver para entender que todo lo que sabías de marketing y del “retorno” quedó absolutamente caduco. "Hybrid Hotel" No es un hotel. Es un manifiesto físico del regreso de la expansión de las experiencias y de categorías a niveles de universos de marca. 

(Tiempo de lectura de valor: 4 minutos)

Norris campeón mundial: ¿cómo queda el mapa global actualizado de pilotos y naciones que forjaron los 35 campeones de la F1?

(Por Juan Maqueda en equipo con Mauricio, Martinez Bueno, Destefano y la comunidad Ristretter) Detrás de cada campeón de Fórmula 1 hay dos banderas: la de su nacimiento y la de su equipo. Hoy, tras la consagración de Lando Norris, presentamos el análisis definitivo de las fuerzas geopolíticas y empresariales que dominan el deporte motor mundial.

(Tiempo de lectura de valor: 4 minutos)

Messi campeón con Inter Miami: “Estoy muy feliz" (la ciudad, todos los negocios, los medios, las marcas y anglolatina, también)

(Por Ortega desde el Chelsea Stadium, con Maqueda y Maurizio) Luego de la consagración de Inter Miami tras ganar 3-1 la final ante Vancouver Whitecaps en la MLS 2025, Lionel Messi habló con Apple TV y dejó una serie de declaraciones en las que repasó el camino del equipo, valoró el esfuerzo de la temporada y se emocionó al referirse al retiro de sus amigos Jordi Alba y Sergio Busquets.

(Tiempo de lectura de valor: 4 minutos)

La jugada maestra: cómo Louis Vuitton y Ana de Armas reescribieron las reglas del marketing deportivo global en Abu Dhabi

(Por Juan Maqueda en equipo con Maurizio, Martinez Bueno, Destefano y la comunidad Ristretter) No fue una casualidad. Fue un algoritmo de influencia ejecutado con precisión de cirugía nanométrica. Cuando Ana de Armas, con la elegancia de un felino y el magnetismo de una supernova, agitó la bandera a cuadros en el Gran Premio de Abu Dabi, no solo estaba marcando el final de una carrera.

(Tiempo de lectura de valor: 4 minutos)

¿El éxito total de la F1? ¿Qué nos enseña a todas las empresas y marcas hoy? (manual ágil aquí)

(Por M. Rodriguez Otero, Maqueda junto a M. Maurizio, Martinez Bueno, Destefano y la comunidad Ristretter) ¿Te preguntaste por qué algunas marcas están desarrollando mega acciones cruzadas de marketing y sólo ellas están logrando atrapar la mente y el corazón de sus consumidores? La respuesta está en algo que, en 2025, ya no es una opción: el crossing marketing, el head of cultura y las mega activaciones multisensoriales.

(Lectura ágil de alto valor estratégico: 4 minutos)