The US government's debt has increased by over USD 1 trillion since the debt ceiling was lifted last month. The development comes after the Senate last month gave final approval to a debt ceiling and budget cuts package. After the final approval, the Debt Ceiling Bill was sent to President Joe Biden's desk to become a law. The compromise package negotiated between Biden and House Speaker Kevin McCarthy left neither Republicans nor Democrats fully pleased with the outcome. US Debt Ceiling Deal Passes First Hurdle in Congress.

US Debt Ceiling News Update

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