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

Ukraine updates Russian military loss figures

Musk donated at least $445 million to US midterm elections

Ukraine unveils new FP-7 ballistic missile - Video

Putin says Russia is ready to resume trilateral talks

Europe's dangerous winter of discontent - Politico

At least 16 dead after 7-magnitude earthquake strikes Tibet

Trump asks Musk to lift Starlink restrictions on Ukraine

Putin calls Western war warnings ‘political schizophrenia’

Putin calls territories lost by Ukraine ‘historical Russian lands’

Putin compares Ukraine’s mobilization to rounding up stray dogs

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