10:11 UTC+8, 2023-06-04        US President Joe Biden signed Fiscal Responsibility Act of 2023 into law Saturday afternoon so as to avoid a historic default on government debt.   10:11 UTC+8, 2023-06-04        US President Joe Biden signed Fiscal Responsibility Act of 2023 into law Saturday afternoon so as to avoid a historic default on government debt. The bipartisan act suspends the public debt limit through January 1, 2025, and increases the limit to the actual debt level on January 2, 2025.

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