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Market
US government borrowing limit increased by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the US Congress or Treasury Department
Story
Biden Signs Stopgap Bill, Averting Shutdown with $100B Disaster Aid, $10B Farm Aid
Dec 21, 2024, 04:25 PM
President Joe Biden has signed a stopgap funding bill into law, officially averting a government shutdown. The legislation, passed by Congress, extends government funding through March 14, 2025, and includes $100 billion in disaster aid and $10 billion in agricultural assistance to farmers. The bill was signed after a tumultuous week in Washington, marked by negotiations and a rejected proposal that included a demand from President-elect Donald Trump to increase the government's borrowing limit. The final bill, however, did not include any provisions related to the debt ceiling, despite Trump's insistence.
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Raised • 50%
Suspended • 50%
Unchanged • 50%
Yes • 50%
No • 50%
Permanent abolition • 25%
Temporary extension • 25%
Compromise with new conditions • 25%
Unresolved • 25%
Less than $37 trillion • 25%
$37 trillion to $38 trillion • 25%
$38 trillion to $39 trillion • 25%
More than $39 trillion • 25%
Pass a short-term extension • 25%
Pass a long-term extension • 25%
Fail to pass any extension • 25%
Other legislative solution • 25%
Debt ceiling abolished • 25%
Debt ceiling raised • 25%
Debt ceiling unchanged • 25%
Other outcome • 25%
