Biden's Debt Ceiling Deal Averts Default and Earns Praise.

President Joe Biden signed a bill into law to suspend the US debt limit through January 1, 2025, averting a first-ever US default. The bipartisan deal was struck between the White House and House Republicans and includes capping nondefense spending, expanding work requirements for some food stamp recipients, and clawing back some Covid-19 relief funds. The bill faced backlash from both the far left and the far right but ultimately won support from a wide array of lawmakers on both sides of the aisle.