UP

Biden signs debt ceiling increase

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
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
See also

Russia updates Ukrainian army losses

Russian forces down Ukrainian Su-27 jet

Mass protests continue across Iran

Turkmenistan takes CIS chairmanship from Tajikistan

Trump respects and fears Putin

Pashinyan: Armenia a dream come true

Guterres warns of chaos, urges leaders to choose peace

European countries to pledge Ukraine defense in Paris

US may agree on normalizing relations with Russia

Ukraine updates Russian army losses on Day 1408

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla