WASHINGTON — With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt. The White House announced the signing, done in private at the White House, in an emailed statement in which Biden thanked congressional leaders for their partnership. The Treasury Department had warned that the country would start running short of cash to pay all of its bills on Monday, which would have sent shockwaves through the U.S.
Similar Stories to Biden Signs Debt Ceiling Bill That Pulls U.s. From The Brink Of Default on Bing News
CHRIS MEGERIAN / AP, Time
Sat, 06/03/2023 - 11:19am
Topics: washington president joe biden the white house the treasury department u.s house speaker kevin mccarthy r-calif raising ldquo;passing oval office ldquo;no american ldquo;we’re social security medicare medicaid it&rsquo ldquo;i’m i&rsquo biden s appalachian budget office internal revenue service biden&rsquo september biden biden white house house republican republicans mccarthy senate democratic democrats congress bill default debt ceiling spending legislation limit lawmakers veterans people country nation’s including infrastructure agreement requirements continue work leaders deal food federal pay critical party sought wealthy economic parties term investments fiscal deficits years tax restricts corporations cut government roll passage reach good vote
BING NEWS:
- Why investors clinging to cash could lose money in U.S. debt-ceiling fight
Investors clutching cash might soon bear the brunt of a U.S. debt-ceiling fight, which could boil over in the next few weeks without a resolution.
01/7/2025 - 8:52 pm | View Link - Fitch warns of US debt-ceiling stalemate despite Republican-controlled government
A unified government under President-elect Donald Trump is unlikely to lead to a quick resolution of the U.S. debt-ceiling debate given a narrow Republican House majority and continued disagreements ...
01/7/2025 - 4:22 am | View Link - More
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