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India condemns attack on vessel sunk off Yemen
Chernihiv comes under mass attack by Banderol drones
Syria reinforces border deployments with Iraq and Lebanon

Biden signs debt ceiling increase

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Biden signs debt ceiling increase

President Joe Biden signed a debt ceiling increase into law Thursday, ensuring the U.S. will not default on its debt for the first time ever.

Axar.az reports that the country inched close to economic peril. Biden signed the borrowing limit hike a day after the date that the Treasury Department estimated it would run out of tools to keep paying the country’s bills.

Congress sent the legislation, which raises the debt ceiling by $2.5 trillion, to Biden early Wednesday. It is expected to allow the government to cover its obligations into 2023.
Date
2021.12.17 / 11:23
Author
Axar.az
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