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Published 11 months ago

Senate passes bill to raise debt ceiling, preventing first-ever U.S. default

  • The Senate has approved a debt ceiling and budget cuts package, which is on its way to President Biden's desk to become law. The bill suspends the debt ceiling until January 2025, restricts spending for the next two years, and changes some policies.
  • The U.S. Government's auto safety agency plans to require all new passenger cars and light trucks to include potentially life-saving automatic emergency braking and meet stricter safety standards within three years.
  • America's job market may have delivered yet another month of solid hiring and pay gains in May, according to economists' forecasts.
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