U.S. President Joe Biden intends to sign as soon as possible the bill approved by both chambers of Congress to raise the ceiling of the national debt in order to prevent default in the country.
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The U.S. Senate on Thursday approved a bill to raise the national debt ceiling in order to prevent a default in the country.
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The U.S. House of Representatives on Wednesday approved a bill to raise the national debt ceiling in order to prevent a default in the country.
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The agreement between Republican congressmen and the White House on the budget would raise the U.S. debt ceiling until January 1, 2025.
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President Joe Biden and U.S. House Speaker Kevin McCarthy reached a final agreement in a telephone conversation on raising the national debt ceiling.
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President Joe Biden called a good phone conversation about raising the debt ceiling with U.S. House Speaker Kevin McCarthy
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A group of 43 Republican members of Congress said they would not agree to raise the debt ceiling unless the administration agreed to cut government spending.
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Joe Biden will discuss the debt ceiling with the Speaker of the House of Representatives
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Republicans who control the House of Representatives disagree on how tough the line should be on raising the national debt ceiling
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