US President Joe Biden pledged to use everything to avert a default. The US leader said he would raise the debt ceiling himself if Congress would not resolve the issue. Considering a tight deadline, congressmen had no doubts that Biden would keep his promise. Eventually, Congress passed a debt limit bill. The US debt ceiling will not be in effect until January 1, 2025, according to the approved bill. On January 2, 2025, the limit will be raised again. These measures were necessary for the US to comply with its financial obligations. The Senate supported the document by 63 votes against 36. After that, the US House of Representatives adopted the bill. The Democrats in the House were told to support the deal between Biden and House Speaker Kevin McCarthy.
