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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