published by, Saurabh Verma
Last Update: June 03, 2023, 23:36 IST
Washington DC, United States of America (USA)
President Joe Biden (File AP Photo/Manuel Bales Seneta)
Biden signed into law the “Fiscal Responsibility Act of 2023”, which suspends the so-called debt ceiling for borrowing and paying bills, thus avoiding a default that could lead to panic in the market, huge job losses and recession There is a possibility of global influence
US President Joe Biden signed into law on Saturday a bill to raise the country’s debt ceiling that Congress passed after weeks of wrangling, the White House said.
Biden signed into law the “Fiscal Responsibility Act of 2023,” which suspends the so-called debt ceiling to renew borrowing and pay bills, thus avoiding a default that could lead to panic in the market, huge job losses. There is a possibility of loss and recession. global impact.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – AFP,