US Senate passes bill to avert default and end debt ceiling stand-off.
TL;DR
The US Senate has passed a bill to end the debt ceiling stand-off and avoid default. The bill suspends the debt ceiling until December 2022, allowing the government to continue borrowing to pay its bills. The Senate passed the bill with a 50-48 vote, with all Democrats voting in favor and all Republicans voting against. The bill now heads to the House of Representatives for approval.
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