Senate Approves Deal Raising Debt Ceiling, Averting U.S. Default

Bill now goes to President Biden’s desk ahead of Monday’s deadline

The bill the Senate passed suspends the $31.4 trillion debt ceiling through Jan. 1, 2025, and cuts federal spending. Photo: C-SPAN

WASHINGTON—The Senate passed wide-ranging legislation Thursday that suspends the $31.4 trillion debt ceiling while cutting federal spending, backing a bipartisan deal struck by President Biden and House Speaker Kevin McCarthy to avert an unprecedented U.S. default.

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