United States

US Senate gives final approval to debt ceiling deal

The bipartisan deal will now be sent to President Joe Biden’s desk to become law before the fast-approaching deadline

  • June 2, 2023
Senate Majority Leader Chuck Schumer said ahead of voting that the Bill’s passage means “America can breathe a sigh of relief”. Picture: Getty

The US Senate has fended off a default, giving final approval to a debt ceiling and budget cuts package late on Thursday.

The bipartisan deal will now be sent to President Joe Biden’s desk to become law before the fast-approaching deadline.

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

But the result, after weeks of hard-fought budget negotiations, shelves the debt ceiling ...