The Senate late Thursday night passed a bipartisan bill to suspend the debt ceiling and curb federal spending, sending the legislation to President Biden to sign into law in time to avert an unprecedented U.S. government default. The deal cleared the House on Wednesday night and is now on track to take effect by Monday, when the government would no longer be able to pay all of its bills without borrowing more money.
Senate passes debt ceiling bill, sending it to Biden to sign into law
June 2, 2023
