Senate Passes Debt Deal to Avoid Default

he Senate voted Thursday night to raise the government’s debt ceiling and cut trillions of dollars in spending, concluding a long and fractious political struggle that pushed the nation to the brink of default. The bill, which passed 63 to 36 and has already cleared the House, will be signed by President Joe Biden with time to spare before the government’s borrowing authority is set to run out on Monday. Biden, who negotiated the framework of the bill with Republican House Speaker Kevin McCarthy, has described the measure as an...