Hours before the deadline, President Barack Obama signed the debt ceiling bill into law, to increase the nation's debt ceiling of $14.3 trillion U.S. dollars, to avoid the first-ever default that could have led to calamitous economic consequences. The bill raises the debt limit up to $2.4 trillion U.S. dollars, while cutting at least $2.1 trillion U.S. dollars in government spending over 10 years. The U.S. Senate passed the debt-ceiling bill with a 74-26, while the measure was approved by the House of Representatives, on Monday by a 269-161 vote. And what do the people think of this? According to our source here, the poll demonstrates that 44 percent of Americans approve of the deal, while 52 percent disapprove of it.