Biden signs debt limit hike, but December standoff looms

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Evan Vucci/AP

President Joe Biden delivers an update connected the COVID-19 effect and vaccination program, successful the South Court Auditorium connected the White House campus, Thursday, Oct. 14, 2021, successful Washington. (AP Photo/Evan Vucci)

Posted at 7:38 PM, Oct 14, 2021

and past updated 2021-10-14 20:38:14-04

WASHINGTON (AP) — President Joe Biden has signed a measure that raises the nation’s indebtedness bounds until aboriginal December, delaying the imaginable of an unprecedented national default that would origin economical disaster.

The House passed the $480 cardinal summation successful the country’s borrowing ceiling connected Tuesday aft the Senate approved it connected a party-line ballot past week.

Senate Republicans had derailed archetypal Democratic efforts to rise the indebtedness limit, but a fistful of Republicans yet joined Democrats and allowed the measure to travel to the level for a vote.

Senate GOP Leader Mitch McConnell has said Republicans volition connection nary enactment for different summation successful December.