: Biden will sign debt-ceiling bill as soon as Saturday: White House

President Joe Biden will sign a bill that raises the U.S. debt ceiling and imposes some spending limits “as soon as tomorrow,” White House press secretary Karine Jean-Pierre said Friday. The measure cleared the Senate late Thursday after passing the House of Representatives earlier in the week. Biden is scheduled to give an Oval Office address at 7 p.m. Eastern Friday about the bill. Treasury Secretary Janet Yellen has warned that the U.S. could default on its obligations by Monday if lawmakers did not act on the debt ceiling.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.