The US authorities have reached an agreement on the ceiling of the national debt: the government will be required to comply with new restrictions on budget spending, subject to the actual abolition of the mechanism. This follows from an agreement that was drafted by President Joe Biden and House Speaker Kevin McCarthy.
Andrei Gusev, Managing Partner at Nordic Star, explains the terms of the agreement that regulates the US borrowing threshold until 2025.
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Andrei Gusev
Managing Partner, Attorney-at-Law
+7 921 938 29 90, +34 695 043 424, +376 692 1714
St. Petersburg, Barcelona, Almaty