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Senate passes bill to raise debt ceiling, preventing first-ever U.S. default

From cnbc.com

The Senate late Thursday passed a House-approved bill to raise the debt ceiling and cap government spending for two years, sending the legislation to President Joe Biden’s desk . He is expected to sign it Friday and address the nation at 7 p.m. ET, just three days before the U.S. risked its first-ever sovereign debt default. “No one gets everything they want in a negotiation, but make no mistake: This bipartisan agreement is a big win for our economy and the American people,” Biden said in a statement after the vote. Stock futures rose slightly Thursday night as the U.S. averted potential economic chaos. The ... (full story)

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