(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 4. President Joe Biden
has signed the previously approved bill by Congress to raise the
debt ceiling, Trend reports.
The debt ceiling will now be reached on January 2, 2025, the
statement of the White House said.
Biden expressed gratitude for the cooperation of Speaker of the
House Kevin McCarthy (Republican from California), Senate Minority
Leader Mitch McConnell (from Kentucky), House Minority Leader Hakim
Jeffries (from New York), and Senate Majority Leader Chuck Schumer
(from New York).
The initiative, which, as the President stated, prevented an
economic crisis and the collapse of the US, was approved by the
Senate on June 1st.
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