Oct 15, 2021
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Biden approved an increase in the US government debt ceiling by $ 480 billion

American leader Joe Biden approved a bill to raise the government debt ceiling by $ 480 billion, TASS reports.

The document raises the national debt ceiling by $ 480 billion until December 3, while negotiations are underway between representatives of the Democratic and Republican parties of the United States.

Since October 1, the United States has surpassed the $ 28.4 trillion government debt ceiling allowed by Congress. Earlier, Biden said that he could not rule out the likelihood of a default in the country.

On October 8, the Senate approved a bill on a temporary increase in the ceiling of the US government debt, the day before it was approved by the House of Representatives of the Congress.

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