US Pres. Biden looking forward to signing debt-ceiling bill after the Senate passage

Dhwani Mehta FXStreet

US President Joe Biden is crossing the wires after a majority of Senate voted to pass the debt-ceiling bill.

The bill will be now sent to President Biden's desk for signature into law.

Biden said, “I want to thank Leader Schumer and Leader McConnell for quickly passing the debt ceiling bill.”

Additional quotes

“This bipartisan agreement is a big win for our economy.”

“I look forward to signing this bill into law as soon as possible and addressing the American people directly on Friday.”

Market reaction

The headlines fail to move the needle around the US Dollar across its major counterparts. The US Dollar Index is trading 0.05% lower on the day at 103.51, at the press time.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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