United States U.S. President Joe Biden has approved raising the country’s debt ceiling

Without an agreement, federal money was feared to run out as early as October.

The United States president Joe Biden has agreed to raise the country’s debt ceiling, according to a U.S. newspaper, among others Hill and the Financial News Agency Bloomberg.

The U.S. Senate decided last week to raise the country’s debt ceiling until December, providing a temporary solution to the dispute. For its part, the House of Representatives approved raising the debt ceiling on Tuesday.

The U.S. debt ceiling has been $ 28,400 billion. Politicians agreed to raise the debt ceiling by $ 480 billion.

Without an agreement, federal money was feared to run out as early as October. In the weeks to come, however, Democrats and Republicans may face a new dispute over the debt ceiling.

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