Biden signs debt ceiling deal into law, averting historic default

On Wednesday, President Joe Biden signed a debt ceiling deal into law after weeks of negotiations with Republicans in Congress. The deal comes just in time to avert a historic default, which could have resulted in a financial crisis. Biden was praised for his efforts in reaching the deal by Ali Velshi on MSNBC.

In other news, NBC’s Morning Rundown covered a lawsuit against Donda Academy, student loan relief, and the draft of “Bohemian Rhapsody.” Meanwhile, Bloomberg reported that both President Biden and House Minority Leader Kevin McCarthy emerged as winners in the debt-limit talks.

However, not everyone is pleased with Biden’s actions. Newsweek published an opinion piece arguing that the Senate was right to reject Biden’s unfair student loan bailout for the rich.

Overall, the debt ceiling deal has been a major focus in the news for the past few weeks, and its resolution is seen as a significant victory for both the Biden administration and the American people.