Arab News Headlines

US President Signs Bill to Raise Debt Ceiling

US President Joe Biden approved today a bill to raise the country’s public debt ceiling, after weeks of negotiations between Democrats and Republicans.

With President Biden signing the deal that was approved by the Senate on Friday and the Representatives on Thursday, the bill became effective.

Earlier, the US Congress passed the bill that raises the public debt ceiling until January 2025, in addition to setting a number of goals in the budget.

The passage of the bill allowed the United States to avoid defaulting on its debt by raising the debt ceiling.

Source: Qatar News Agency