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President Joe Biden has signed the legislation that lifts thenations debt ceiling just two days before the deadline, thereby preventing a default on the federal government s debt.H.R. 3746, the Fiscal Responsibility Act,which the president signed privately on Saturday, passed the House Wednesday with bipartisan support and a final vote tally of 314鈥?17. It gained approval by the Senate one day later with a vote of 63-36, and it suspends the debt limit through January 1, 2025, and increases the limit on January 2, 2025. Passing this budget agreement was critical. The stakes
stanley france could not have been higher, President Biden said of the deal Friday night in a televised address from the Oval O
stanley italia ffice. Nothing would have been more catastrophic, he said, than defaulting on the country s debt.SEE MORE: How Biden and McCarthy struck a debt-limit dealBy raising the nation s
botella stanley debt limit, currently set at $31.4 trillion, the government secures the ability to borrow funds necessary for fulfilling its existing financial obligations.According to the Congressional Budget Office, the proposed package is projected to reduce the federal deficit by $1.5 trillion over a ten-year period.The passing of the bill was a challenging situation forbothDemocrats and Republicans, as they had to fight for support for the bill with multiple members of their parties. Conservative Republicans were disappointed the bill didn t make deeper spending cuts, while progressive Democrats took issue with work requirements f Cvgt Hurricane Ian heads for Carolinas
From Martin Luthe
stanley cup r King Jr. s birthplace to the nation s capital, Americans of all backgrounds are honoring the legacy of the slain civil rights leader Monday.Here s a snapshot of some of the major events commemorating MLK Day: The King Holiday Observance in Atlanta In King s hometown of Atlanta, the historic Ebenezer Baptist Church is holding its annual Martin Luther King commemorative service Monday morning. King served as co-pastor of Ebenezer Baptist from 1960 until his assassination in 1968. His funeral was held at the church.Mond
stanley cups ay s church service will engage members of various religious traditions, and state, national and international governments, according to The King Center
stanley cup , which was established by the civil rights icon s widow Coretta Scott King.The keynote speaker Monday will be Bryan Stevenson , founder and executive director of the Equal Justice Initiative in Montgomery, Alabama.For those outside of Atlanta, The King Center encourages the world to engage in volunteer service in tribute to the work and life of Dr. King. The MLK Memorial Breakfast in Washington DCMore than 1,100 people, including members of Congress, attended the nation s longest-running event honoring King s legacy -- the Dr. Martin Luther King Jr. Memorial Breakfast in Washington.Sheyann Webb-Christbu
