BREAKING: Debt ceiling legislation passes the Senate as the U.S. moves closer to preventing a historic default. The bill now heads to Pres. Biden's desk.
The bill will now go to President Joe Biden's desk for his signature.Noting the bipartisan nature of the vote, Biden said, "Together, they demonstrated once more that America is a nation that pays its bills and meets its obligations -- and always will be. I want to thank Leader [Chuck] Schumer and Leader [Mitch] McConnell for quickly passing the bill."
Biden said he looks forward to signing the bill as soon as possible, and that he will address the American people directly Friday. Republicans are touting its spending cuts while the White House argues it was able to protect major Democratic priorities like Medicare and Social Security, among other Biden-backed initiatives.
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