BBC News
President Barack Obama has signed a law increasing the limit on how much the US government can borrow.
The debt limit was raised to $14.3 trillion (£9.1tn) from $12.4tn, and will allow the government to function for the rest of the year.
Mr Obama also approved legislation that requires new spending to be offset with cuts elsewhere.
Full Story: http://news.bbc.co.uk/2/hi/business/8513650.stm
