US President Biden signs debt ceiling bill into law, averting potential default crisis ...Middle East

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US President Biden signs debt ceiling bill into law, averting potential default crisis
source : Daily Sun ( Middle East ) () 51
NEW YORK: US President Joe Biden on Saturday signed the debt ceiling bill into law, aimed at preventing a potential default crisis.“I just signed into law a bipartisan budget agreement that prevents a first-ever default while reducing the deficit, safeguarding Social Security, Medicare, and Medicaid, and fulfilling our scared obligation to our veterans,“ Anadolu Agency quoted Biden as saying on Twitter.The decision to raise the debt limit ensures that the federal government avoids the risk of running short on cash and facing the serious consequences of defaulting on its obligations.Without congressional action to raise or suspend the debt limit by next week, the Treasury could face a shortag

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