With just two days to spare, President Joe Biden has signed legislation that lifts the nation’s debt ceiling, averting an economically disastrous default on the federal government’s debt.The White House announced the signing on Saturday, done in private at the White House, in an emailed statement in which Biden thanked congressional leaders for their partnership.The Department of the Treasury had warned the country would start running short of cash to pay all of its bills on Monday, which would have sent shockwaves through the US and global economies.
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