Biden Signs Debt Ceiling Limit Increase

Plus: ‘The View’ Has Narrowed

Biden Signs Debt Ceiling Limit Increase
On Saturday, President Joe Biden signed a bill suspending the U.S. government's $31.4 trillion debt ceiling, avoiding a first-ever default just two days before the deadline. Last week the bill was passed by the House and the Senate after negotiations between President Biden and Speaker Kevin McCarthy. The Treasury Department had warned of being unable to pay its bills if Congress failed to act.

Reuters reported:

"Thank you to Speaker McCarthy, Leader Jeffries, Leader Schumer, and Leader McConnell for their partnership," the White House said in a statement announcing the bill's signing, naming the Democratic and Republican leaders of the House and Senate.

Officials later released a ten-second clip of Biden silently signing the document at the White House.

"It was critical to reach an agreement, and it's very good news for the American people," Biden said on Friday. "No one got everything they wanted. But the American people got what they needed."

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