US Averts Default as Senate Passes Debt Ceiling Bill
The U.S. Senate passed bipartisan legislation backed by President Joe Biden to lift the government's $31.4 trillion debt ceiling and avert what would have been a first-ever default. Nearly all Democrats and some Republicans in the Senate approved the bill, which had been passed by the House the day before. The U.S. Treasury had warned it would run out of funds starting June 5 if Congress failed to act by then.
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US Averts Default as Senate Passes Debt Ceiling Bill
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