The Senate voted late Thursday on a bill to suspend the country’s debt limit through January 1, 2025 following weeks of contentious negotiations on the legislative deal between the White House and Republicans.
The bill is now on its way to President Joe Biden for approval, and once signed, it will avert what could have been an economic catastrophe and the first time the US would have defaulted on its debt. (Biden is scheduled to address the nation about the legislation Friday night.)
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