WASHINGTON: With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt.The White House announced the signing, done in private at the White House, in an emailed statement in which Biden thanked congressionalContinue Reading

WASHINGTON: President Joe Biden said Friday that Democratic and Republican negotiators were on the verge of resolving a debt ceiling standoff, as the deadline for a potentially catastrophic US default was pushed back to June 5.“It’s very close and I’m optimistic,” Biden told reporters at the White House. “I’m hopefulContinue Reading