The US president signs the debt ceiling bill to temporarily prevent the US government from defaulting on its debt.

[us President signs debt ceiling Bill to temporarily prevent US Government from defaulting on debt]-US President Joe Biden signed a bill on the federal government's debt ceiling and budget on June 3 local time, bringing it into effect and temporarily preventing the US government from defaulting on its debt. The bill suspends the debt ceiling until early 2025 and limits spending for fiscal years 2024 and 2025.