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Biden signs bill to avert partial government shutdown

Nancy Pelosi
Posted at 7:55 PM, Sep 30, 2021
and last updated 2021-09-30 19:56:35-04

WASHINGTON (AP)  — With only hours to spare, President Joe Biden has signed legislation that would avoid a partial federal shutdown and keep the government funded through Dec. 3. Congress had passed the bill earlier Thursday.

The legislation will avert one crisis, but efforts to stave off a second crisis seem likely to continue for the next couple of weeks as Democrats and Republicans dig in on a dispute over how to raise the government’s borrowing cap.

Treasury Secretary Janet Yellen says failure to raise the debt limit will lead to a financial crisis and economic recession.