Keeping an Eye on the Geopolitical Ball | New U.S. debt-limit bill
b'This week on Keeping an Eye on the Geopolitical Ball, Jamie Shea, Senior Fellow at Friends of Europe, focuses on the law passed by the U.S. Congress last week that suspended the debt ceiling of the U.S. She reminds us that the current U.S. debt reaches $31.4 trillion dollars. Thus, to avoid an economic catastrophe, the U.S. Congress, with a strong bipartisan support, has passed a law that suspends the debt ceiling as well as establishes a rule that allows to defer the federal debt limit for 2 years, allowing the State to borrow an unlimited amount of money to pay its obligations for instance. Jamie Shea also details that this bipartisan support, needed to vote this law, has led to some comprises from the Democrats, including the construction of a gas pipeline as well as less strong and powerful environmental laws.'