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Biden Signs Bill Raising U.S. Debt Limit, Averting Default

Amy Liu

Summary: U.S. President Joe Biden on Thursday signed legislation temporarily raising the government's borrowing limit to $28.9 trillion, pushing off the deadline for debt default only until December. The Senate last week passed a short-term debt ceiling extension in a party line, 50-48 vote. By Amy Liu

U.S. President Joe Biden on Thursday signed legislation temporarily raising the government's borrowing limit to $28.9 trillion, pushing off the deadline for debt default only until December. The Senate last week passed a short-term debt ceiling extension in a party line, 50-48 vote.

By Amy Liu

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