Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden

By LISA MASCARO, KEVIN FREKING, STEPHEN GROVES, FARNOUSH AMIRI and MARY CLARE JALONICK Associated Press

WASHINGTON (AP) — Fending off a U.S. default, the Senate has given final approval to a debt ceiling and budget cuts package.

It's now on its way to President Joe Biden's desk to become law before a fast-approaching deadline.

The Senate ground through late-night voting Thursday to wrap up work on the hard-fought deal.

The compromise package negotiated between Biden and House Speaker Kevin McCarthy leaves neither Republicans nor Democrats fully pleased with the outcome.

But the result cuts spending for two years and suspends the debt limit until 2025 after the next presidential election.

Biden is expected to swiftly sign it into law.

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