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

Indonesia quake damages more than 800 homes, one killed

IDF airstrikes reported in south Lebanon

One killed in mine collapse in Turkiye’s Bolu province

Trump will resume dropping bombs if Iran doesn't behave

Iran extends sentence of Salar Tahir Afshar

Why Ukraine could now have fresh hope of vital US support

Read the 14-point draft agreement between the US and Iran

President Putin arrives in Kazan for Russia-ASEAN Summit

Seven injured in bus attack in Russia - Video

Taiwan to form drone squadron in July

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