6/2, 8:53 PM (Source: TeleTrader)
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WH: Biden hopes to sign debt bill into law on June 3

White House Press Secretary Karine Jean-Pierre said on Friday that United States President Joe Biden hopes to sign the Fiscal Responsibility Act of 2023 into law as soon as Saturday, June 3.

Among other provisions, the piece of legislation suspends the nation's debt ceiling and sets limits for the country's budget growth over the next two years and the press secretary specified that it also reduces the deficit by over $1 trillion, praising the fact that the proposal passed Congress in a bipartisan manner.

Biden is expected to hold a speech about the bill later in the day, Jean-Pierre confirmed.

Baha Breaking News (BBN) / MS