Biden signs debt limit increase, averting potential economic disaster

[Yo_Mama_Been_Loggin]

President Joe Biden on Thursday signed the bill raising the debt limit ceiling that passed Congress earlier this week, according to the White House.

Congress voted to raise the national debt limit by $2.5 trillion and extend it into 2023 after lawmakers raced to avert a catastrophic default ahead of a critical midweek deadline.

The Senate moved on Tuesday to pass legislation to increase the limit in a vote that fell along party lines with a final tally of 50 to 49. The House voted 221-209 in the early hours of Wednesday morning to approve the bill. GOP Rep. Adam Kinzinger of Illinois was the lone member to break ranks and voted with Democrats.

Treasury Secretary Janet Yellen had warned that the debt limit could be reached on Wednesday, leaving Congress little time left to resolve the issue. A first-ever default could have sparked economic disaster and party leaders on both sides of the aisle had made clear it must be prevented.

https://www.msn.com/en-us/news/politics/biden-signs-debt-limit-increase-averting-potential-economic-disaster/ar-AARSOtV

[Fiendish Thingy]

1. Why the fuck did they only make it for a year?

If the GOP takes back the house as expected, they can hold the economy hostage and force cuts to Social Security, Medicare and anything in BBB if it passes.

Poor strategy by Dems.