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U.S. Senate passes debt ceiling bill to prevent default, set to become law

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U.S. Senate passes debt ceiling bill to prevent default, set to become law

June 2, 2023

The U.S. Senate on Thursday passed the critical debt ceiling and spending legislation that will ensure the country avoids a federal default, sending the bill to President Joe Biden’s desk and ending one of the most stressful periods of congressional dealmaking in recent memory. “We've saved the country from the scourge of default,” Senate Majority Leader Chuck Schumer said on Thursday.

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