US President Joe Biden said he will on Saturday sign into law the bill passed by Congress this week to raise the U.S. debt ceiling and curb spending.
After nail-biting negotiations, both the Senate and the House of Representatives passed a bill that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever default as early as June 5.
(Published 03 June 2023, 02:48 IST)
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