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Biden signs funding bill to avert U.S. gov't shutdown Updated: 2021-10-01 14:45:42 KST

U.S. President Joe Biden on Thursday signed a bill that will keep the government running through December 3rd, narrowly averting a government shutdown.
The government funding was set to expire at midnight, which would have forced federal museums, national parks and safety programs to close.
The bill includes some 29 billion U.S. dollars in additional disaster relief as well as over 6 billion for Afghan refugee resettlement.
After signing the bill, Biden said in a statement (quote), "it meets critical and urgent needs of the nation."
This comes after the Senate and House each passed the resolution earlier in the day.
However, while the shutdown was avoided, there's another problem looming around the U.S. debt ceiling.
Lawmakers will have to raise or suspend the debt ceiling by October 18th to prevent a possible default on U.S. debt as the measure signed by Biden does not include such a provision.
Last week, an almost identical funding bill was passed by the House, which included a suspension of the debt limit until mid-December next year.
This was blocked by the Senate Republicans, who say suspending or raising the debt ceiling could allow Democrats to pass their multi-trillion dollar spending package.
U.S. Treasury Secretary Janet Yellen warned that, the federal government will likely run out of cash and extraordinary measures unless they remove the debt ceiling.

"It is imperative that Congress address the debt limit. If not, our current estimate is the Treasury will likely exhaust its extraordinary measures by October 18th. At that point, we expect Treasury would be left with very limited resources that would be depleted quickly. America would default for the first time in history."

Meanwhile, the vote on Thursday on President Biden's trillion-dollar bipartisan infrastructure plan has been delayed amid a stalemate among Democrats.
The infrastructure vote has been rescheduled for Friday, giving them a few more hours to reach an agreement on the bill encompassing climate change and the social safety net.
Kim Sung-min, Arirang News.
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