Bipartisan debt ceiling bill signed into law by President Biden.
TL;DR Summary
A bipartisan bill to solve the US debt ceiling crisis has reached Joe Biden's desk, just days before a catastrophic and unprecedented default. The compromise package negotiated between Biden and the House speaker, Kevin McCarthy, passed the US Senate late on Thursday. The bill shelves the volatile debt ceiling issue until 2025, after the next presidential election. The final Senate vote capped off a long day that ground into night, as lawmakers spent hours considering amendments to the legislation. All 11 of the proposed amendments failed to gain enough support to be added to the underlying bill.
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