The bill suspends the debt ceiling until January 2025, and according to the Congressional Budget Office, will reduce the deficit by $1.5 trillion over the next decade. The debt ceiling, now at $31.4 trillion, limits the amount the U.S. government can borrow. . Read the rest of the story through the link in bio. benzinga . . #whitehouse #joebiden #debt #debtceiling #senate #unitedstates