Debt-limit deal clears congress, ending threat of US default
Debt-limit deal clears congress, ending threat of US default
2/6/2023 6:45

The Senate passed legislation to suspend the US debt ceiling and impose restraints on government spending through the 2024 election, ending a drama that threatened a global financial crisis.

The measure now goes to President Joe Biden, who forged the deal with House Speaker Kevin McCarthy and plans to sign it just days ahead of a looming US default.

Source: Bloomberg

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