Biden signs debt ceiling bill that pulls U.S. back from risk of default
The White House says President Biden signed the debt ceiling bill in private.
The White House says President Biden signed the debt ceiling bill in private.
President Biden celebrated a “crisis averted” as he prepared to sign a budget agreement that eliminates the potential for an unprecedented government default.
The Senate gave final approval late Thursday to a debt ceiling and budget cuts package before the fast-approaching government default deadline.
The government has announced a new June 5 default deadline, dragging the White House and Republicans toward another week of negotiations over cutting spending and raising the nation’s legal debt limit.
Lawmakers are not expected back at work until Tuesday, just two days from June 1, when Treasury Secretary Janet Yellen has said the U.S. could start running out of cash to pay its bills and face a federal default.
Debt limit talks came to an abrupt standstill Friday after Republican House Speaker Kevin McCarthy said it’s time to “pause” negotiations, and a White House official acknowledged there are “real differences” that are making talks difficult.
House Republicans were on track Thursday to pass a sweeping bill to build more U.S.-Mexico border wall and impose new restrictions on asylum seekers.
Senate Republican Leader Mitch McConnell says he won’t support fellow Republican Sen. Tommy Tuberville’s blockade of military nominees, backing Democrats and Defense Secretary Lloyd Austin instead.
U.S. Rep. George Santos pleaded not guilty to charges he duped donors, stole from his campaign and lied to Congress about being a millionaire,, while cheating to collect unemployment benefits.
A bipartisan bill introduced by U.S. Sen. Katie Britt and three other senators would ban all children under the age of 13 from using social media.