Biden signs debt ceiling bill

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President Joe Biden addresses the nation on the budget deal that lifts the federal debt limit and averts a U.S. government default, from the Oval Office of the White House in Washington, Friday, June 2, 2023. | Jim Watson/AP Photo

President Joe Biden on Saturday signed the debt ceiling bill, a capstone to months of negotiations that pushed the U.S. to the brink of default.

Biden signed H.R. 3746, the “Fiscal Responsibility Act of 2023,” two days before Monday’s default deadline, on which the U.S. would run out of cash to pay its bills, according to a White House release.

Source:Politico

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