Senate passes debt ceiling bill just in time before expected default
The Senate passed legislation negotiated by President Joe Biden and Speaker Kevin McCarthy (R-CA) to suspend the debt ceiling and set federal spending limits with just enough support to pull the nation back from the brink of economic catastrophe days from Monday’s deadline when the Treasury has said the United States will start running short of cash to pay its bills.
The Senate passed the bill 63-36 despite defections among liberal and conservative senators. Those on both sides of the aisle were unhappy with the overall agreement. A group of Republican defense hawks raised objections to Pentagon funding levels that...