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Biden signs law raising US public debt ceiling
04/06/2023
Argaam
AI Summary
AI Summary
US President Joe Biden
President Joe Biden signed Fiscal Responsibility Act of 2023 into law on Saturday afternoon to avoid the US defaulting on government debt.
The US House of Representatives voted 314-117 in favor of a crucial debt-ceiling bill.
The Senate voted 63-36 to approve the bill, which was sent to the US president for approval.
Biden said the bipartisan deal was a great victory for the economy and the American people.
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