<p>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.</p>.<p>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.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/world-news-politics/fitch-keeps-us-credit-rating-on-negative-watch-despite-debt-limit-deal-1224398.html" target="_blank">Fitch keeps US credit rating on negative watch despite debt limit deal</a></strong><br /><br /> </p>
<p>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.</p>.<p>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.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/world-news-politics/fitch-keeps-us-credit-rating-on-negative-watch-despite-debt-limit-deal-1224398.html" target="_blank">Fitch keeps US credit rating on negative watch despite debt limit deal</a></strong><br /><br /> </p>