Biden Signs Bill to Avoid Government Shutdown
On Thursday evening, President Biden signed legislation to keep the government funded through December 3 and avoid a federal shutdown on Friday.
The short-term funding bill was approved by Congress earlier in the day.
Democrats had tried to pass a bill earlier in the week that would approve funding as well as raise the debt ceiling, but met firm opposition from Republicans.
The new bill removed the portion dedicated to raising the debt ceiling and focused purely on short-term funding.
Both parties have been at odds over raising the government's borrowing cap (debt ceiling), the Democrats say it is necessary for the United States to avoid a default on payment.
Treasury Secretary Janet Yellen said that if the cap is not raised by October 18, the US will face a financial crisis and an economic recession.
Photo Source: Gage Skidmore