Biden signs bill raising U.S. debt limit into law - White House

[December 17, 2021]    (Reuters) - President Joe Biden on Thursday signed a bill raising the U.S. debt limit into law, the White House said in a statement, averting what would have been an unprecedented default.

President Joe Biden looks on as he tours a neighborhood, in Mayfield, Kentucky, U.S., December 15, 2021. REUTERS/Evelyn Hockstein

The U.S. Congress on Tuesday approved raising the federal government's borrowing authority by $2.5 trillion to about $31.4 trillion, sending the bill to Biden for his approval.

(Reporting By Paul Grant; editing by Susan Heavey)

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