10/15/2021, 2:10 AM (Source: TeleTrader)
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Biden signs short-term debt limit hike bill into law - WH

United States President Joe Biden (pictured) has signed into law the bill aimed at raising the federal debt ceiling, the White House announced.

The legislation passed through the Senate in a 50-48 vote and has since cleared the House of Representatives with 219 votes in favor of, and 206 against the motion.

Under the stipulations of the law, the federal debt ceiling has been increased by $480 billion.

Baha Breaking the News (BBN) / BU