Cliff-hanger U.S. budget bill
After months of brutal political infighting in Congress, President Joe Biden today signed into law a bill to suspend the U.S. debt ceiling for two years. “If we had failed to reach an agreement on the budget, there were extreme voices threatening to take America, for the first time in our 247-year, into default on our national debt,” Biden said. “Nothing would have been more irresponsible.” Without the legislation, the U.S. would have been in default June 5 and most federal programs would have been affected. [node:read-more:link]