Biden signs debt limit bill, but December standoff is coming

By Alexander Jaffe | Associated Press

WASHINGTON — President Joe Biden on Thursday signed into law a bill raising the nation’s debt limit until early December, delaying the prospect of an unprecedented federal default that would cause economic disaster.

The House passed the $480 billion increase in the country’s borrowing ceiling on Tuesday, after the Senate approved it on a party-line vote last week. The eventual approval came after a protracted standoff with Senate Republicans, who derailed initial Democratic efforts with filibusters, delays that require 60 votes to halt.

Ultimately, a handful of Senate Republicans agreed to join Democrats and voted to end GOP delays and move to a

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