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The U.S. debt ceiling bill now goes to President Joe Biden, who plans to sign it just days ahead of a looming U.S. default. Read more
The House passed debt-limit legislation forged by President Joe Biden and Speaker Kevin McCarthy that would impose restraints on government spending through the 2024 election and avert a destabilizing US default.
The hard choices on how to adjust government services are mostly left to Congress to negotiate in separate spending packages due before the Oct. 1 start of the next federal fiscal year.
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