"Debt Ceiling Bill Passes House and Senate, Averts Default Deadline"

The Senate is racing to pass a House-approved bill that would suspend the debt ceiling, limit federal spending, and avert a catastrophic U.S. government default before the Monday deadline. Senate Majority Leader Charles E. Schumer urged his colleagues not to make changes to the legislation, which would send it back to the House. Senate Minority Leader Mitch McConnell has also urged colleagues to act before Monday. However, some senators are angling to add amendments to the legislation that could slow the process.