President Biden Signs Debt Limit Extension. The Trouble Starts Again in December.

President Biden Signs Debt Limit Extension. The Trouble Starts Again in December.
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President Joe Biden signed a bill that provides a temporary increase to the nation’s borrowing limit, avoiding an imminent government default. The bill, which passed the House Tuesday, boosts the debt ceiling by $480 billion—enough to fund the Treasury through early December. “Congress is once again on a path that will likely lead to difficult, recurring, and highly partisan negotiations on the debt ceiling,” DBRS Morningstar said in a statement.

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