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U.S. Debt Ceiling Hike Bill Passed by Senate to Avoid Defaulting on U.S. Treasuries

The bill was signed into law by President Biden, avoiding a default on U.S. government bonds. The conflict between the Biden administration, which calls for an increase in the US government's debt ceiling, and the opposition Republican Party, which strongly calls for spending cuts, has continued. An agreement was reached on the 28th of last month. The bill was passed by a bipartisan majority of lawmakers in the House of Representatives on the 31st, and was voted on in the plenary session of the Senate on the 1st. ....

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