Susan Walsh, ASSOCIATED PRESS
RANCHO MIRAGE, Calif. — President Barack Obama has signed separate measures lifting the federal debt limit and restoring full cost of living benefits for military retirees.
Obama signed the bills into law Saturday during a weekend golf vacation in Southern California.
The debt limit measure frees the government to borrow the money it needs to pay bills, such as Social Security benefits.
Failure to pass it most likely would have sent the stock market into a dive.
Separate legislation passed in December would have held annual cost of living increases for certain veterans to 1 percentage point below the rate of inflation. The measure was an attempt to hold the line on the soaring costs of government benefit programs. Veterans groups and some lawmakers said cutting the benefits was a mistake.
- Ex-BYU quarterback Max Hall arrested in...
- Ben Barnes, Katherine Heigl in tune in...
- Living with Children: Late nights, not school...
- 32 teens escape from Nashville detention center
- Saudi king says terrorists will reach Europe...
- Video purports to show second beheading of US...
- AP Analysis: Putin digs in for long Ukraine...
- Lawmakers: Islamic State groups wants to hit US
- Ex-BYU quarterback Max Hall arrested in... 92
- Lawmakers: Islamic State groups wants... 23
- House, Senate intel chiefs press White... 17
- Obama tamps down prospect of strikes in... 16
- Saudi king says terrorists will reach... 13
- Freelancers and millennials help usher... 12
- 'Deseret News National Edition': Common... 12
- US judge blocks enforcement of new... 10