US Congress Unites to Stay away from Catastrophic Default, Passes Debt-Limit Suspension Bill
The U.S. Senate effectively accepted a bipartisan bill, supported by President Joe Biden, that eliminates the federal authorities’s $31.4 trillion debt ceiling. This movement prevented the incidence of a historic default. The Senate voted 63-36 in favor of the bill, which had already been handed by the House of Representatives the previous day. Lawmakers have … [Read more…]