The U.S. Congress failed to pass a bill to extend funding for the government

The House of Representatives of the U.S. Congress of the full composition on December 19 did not pass the bill submitted by members of the Republican Party on the temporary extension of funding for the U.S. federal government and raising the national debt ceiling. The session was broadcast on the TV channel C-SPAN.

Thus, in support of the document were 174 members of the lower house of Congress, and 235 spoke against.

The bill provides for the extension of funding of the federal government until March 14, 2025 and suspension until January 30, 2027 the ceiling of the national debt of the United States, which in November for the first time exceeded the mark of $ 36 trillion.

The US is on the verge of shutdown because of Trump's stance. What the media say

Earlier in the day, US President-elect Donald Trump said that members of the US House of Representatives came to a good agreement on a temporary budget to prevent the suspension of funding for the government. At the same time, Trump called on Republicans and Democrats to approve the project.

On December 18, Trump in Truth Social demanded from Democrats to eliminate the ceiling of the US national debt or significantly increase its level. He connected the importance of this issue with the vote in the US Congress on the adoption of a temporary resolution to fund the government, without which the country faces a shutdown already from January 20. In turn, White House press secretary Karine Jean-Pierre accused Trump of allegedly ordering his fellow Republicans to shut down the US government.

Earlier, on December 11, the U.S. General Accounting Office (GAO) noted that Congress should immediately repeal the statutory national debt ceiling by tying the amount of borrowing to changes in government revenues and spending.

The next day, December 12, financial analyst Vladimir Levchenko told Izvestia that the US government debt will continue to grow. According to him, Washington has no options but default. The country keeps raising the ceiling of the state debt. As the expert pointed out, devaluation will not help the state in any way, because it will also lead to default.

Specialists of the International Monetary Fund (IMF) back in June called the growth of the U.S. national debt a threat to the global economy. Thus, by 2032, the country's national debt may exceed 140% of GDP. The IMF urged American politicians to carefully consider raising indirect taxes and gradually increasing income tax.