The Senate voted 63-36 late Thursday to suspend the debt ceiling for two years and reduce government spending, sending the bill to President Biden's desk and averting a default on U.S. financial obligations that loomed as early as Monday. The bill, negotiated by Biden and House Speaker Kevin McCarthy (R-Calif.), passed the House on Wednesday night with broad bipartisan support. In the Senate, four Democrats, 31 Republicans, and Sen. Bernie Sanders (I-Vt.) voted no.
"America can breathe a sigh of relief," Senate Majority Leader Chuck Schumer (D-N.Y.) said after the vote. "We are avoiding default." Biden said he looks forward to signing the bill "as soon as possible and addressing the American people directly tomorrow."
To pass the bill so quickly, at least by Senate standards, Schumer agreed to allow 10-minute votes on 11 amendments, 10 from Republicans and one from a Democrat. Approval of any of the amendments would have sent the legislation back to the House and almost certainly pushed the U.S. Treasury past Monday's default deadline. All 11 amendments were defeated.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The debt ceiling limits the amount the federal government can borrow to pay for obligations promised by Congress. McCarthy and his caucus refused to raise the limit without concessions. McCarthy and Biden both claimed some victories from their deal. In the end, more Democrats than Republicans voted for the legislation.
-
The party bringing Trump-style populism to JapanUnder The Radar Far-right party is ‘Rise of Sanseito is ‘shattering’ the belief that Japan is ‘immune’ to populism’ the belief that Japan is ‘immune’ to populism
-
Southern barbecue: This year’s top threeFeature A weekend-only restaurant, a 90-year-old pitmaster, and more
-
Film reviews: Anemone and The Smashing MachineFeature A recluse receives an unwelcome guest and a pioneering UFC fighter battles addiction
-
Bondi stonewalls on Epstein, Comey in Senate face-offSpeed Read Attorney General Pam Bondi denied charges of using the Justice Department in service of Trump’s personal vendettas
-
Court allows Trump’s Texas troops to head to ChicagoSpeed Read Trump is ‘using our service members as pawns in his illegal effort to militarize our nation’s cities,’ said Gov. J.B. Pritzker
-
Judge bars Trump’s National Guard moves in OregonSpeed Read In an emergency hearing, a federal judge blocked President Donald Trump from sending National Guard troops into Portland
-
Museum head ousted after Trump sword gift denialSpeed Read Todd Arrington, who led the Dwight D. Eisenhower Presidential Library and Museum, denied the Trump administration a sword from the collection as a gift for King Charles
-
Trump declares ‘armed conflict’ with drug cartelsspeed read This provides a legal justification for recent lethal military strikes on three alleged drug trafficking boats
-
Supreme Court rules for Fed’s Cook in Trump feudSpeed Read Federal Reserve Governor Lisa Cook can remain in her role following Trump’s attempts to oust her
-
Judge rules Trump illegally targeted Gaza protestersSpeed Read The Trump administration’s push to arrest and deport international students for supporting Palestine is deemed illegal
-
Trump: US cities should be military ‘training grounds’Speed Read In a hastily assembled summit, Trump said he wants the military to fight the ‘enemy within’ the US
