Skip to content

Biden Signs Measure Raising the U.S. Debt Limit Until Dec. 3

  • Another partisan battle likely to unfold in a matter of weeks
  • McConnell told Biden that Democrats would have to go it alone
Joe Biden on Oct. 14.
Joe Biden on Oct. 14.Photographer: Al Drago/Bloomberg
Updated on

President Joe Biden has signed a bill that provides a short-term increase in the U.S. debt limit, the White House said on Thursday night.

His signature on the legislation, approved by the House on Tuesday night and narrowly by the Senate last week, averts the imminent threat of a financial calamity. But the bill allows the Treasury Department to meets its financial obligations only until roughly Dec. 3, meaning another bitter partisan confrontation will likely unfold in a matter of weeks.