U.S. President Barack Obama closes the folio holding the Bipartisan Budget Act of 2015 after signing it into law in the Oval Office at the White House in Washington

Obama signs budget bill that lifts threat of debt default

U.S. President Barack Obama closes the folio holding the Bipartisan Budget Act of 2015 after signing it into law in the Oval Office at the White House in WashingtonWASHINGTON (Reuters) – President Barack Obama on Monday signed into a law a two-year budget blueprint passed by Congress last week that also lifts the threat of a default on U.S. government debt. In a brief signing ceremony in the Oval Office, Obama noted lawmakers would still need to pass spending bills, but said he was confident they could get them done on time, and that the bill should free the nation from last-minute government shutdown threats. (Reporting by Julia Edwards and Roberta Rampton; Editing by Mohammad Zargham)

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