The Hil
BY BRETT SAMUELS – 10/14/21 08:15 PM EDT
President Biden on Thursday signed a bill raising the debt ceiling, averting a default for at least another month.
The House interrupted its scheduled recess and voted earlier in the day to raise the debt limit into December, when lawmakers will again have to raise the ceiling to avoid catastrophic economic consequences.
Biden administration officials had warned the nation would default if the debt limit was not raised by Oct. 18, potentially pushing the economy back into a recession after months of steady gains amid the coronavirus pandemic.