United States adopted a decree to increase the national debt


In the United States adopted a decree to increase the national debt to $28.9 trillion

US President Joe Biden approved a decree to raise the country's national debt to $ 28.9 trillion, which made it possible to postpone a potential default until almost the end of 2021. According to preliminary estimates, the increased limit of $480 billion will be sufficient for payments to employees and government spending until December 3, 2021. Without this decree, on October 18, the authorities could have been dismissed on unpaid leave due to lack of funds in the treasury.

However, this project was not easy to accept due to the confrontation between Democrats and Republicans. So, the Senate passed it last week, the House of Representatives signed this Tuesday, and Biden signed the document on Friday.

See also  ErisX cryptocurrency exchange is the first in the US to open delivery futures on Ethereum

Related News

Leave a Reply

Your email address will not be published.

Go up

We use cookies to understand how you use our website and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of cookies.