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

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.

Joe Biden on Oct. 14.

Photographer: Al Drago/Bloomberg

Senate Minority Leader Mitch McConnell, in a letter to Biden last week, said Republicans had helped ...