Biden Signs Bill Raising US Debt Limit: White House

Biden Signs Bill Raising US Debt Limit: White House Biden Signs Bill Raising US Debt Limit: White House (Drew Angerer/Getty Images)

Thursday, 16 December 2021 01:23 PM

President Joe Biden on Thursday signed a bill raising the U.S. debt limit into law, the White House said in a statement, averting what would have been an unprecedented default.

The U.S. Congress on Tuesday approved raising the federal government's borrowing authority by $2.5 trillion to about $31.4 trillion, sending the bill to Biden for his approval.

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