
US: Senate passes debt ceiling bill, averts first-ever default
Washington: The US Senate on Friday passed the debt limit bill.
The passage of the bill will avert the US default.
The final voting tally over the issue was 63 to 36.
The bill can now go to President Joe Biden to be signed into law. The measure would suspend the nation’s debt limit through January 1, 2025, to avert a first-ever US default, reports CNN.
Reacting to the development, US President Joe Biden tweeted: "Just now, Senators from both parties voted to protect our hard-earned economic progress and prevent a first-ever default."
Just now, Senators from both parties voted to protect our hard-earned economic progress and prevent a first-ever default.
— President Biden (@POTUS) June 2, 2023
No one gets everything they want in a negotiation, but make no mistake: this bipartisan agreement is a big win for our economy and the American people.
Our…
"No one gets everything they want in a negotiation, but make no mistake: this bipartisan agreement is a big win for our economy and the American people," he said.
"Our work is far from finished, but I look forward to signing this bill into law as soon as possible and addressing the American people directly tomorrow," Biden tweeted.
Tonight, the Senate voted to avoid default and begin to curb Washington Democrats' addiction to reckless spending. Four months after @SpeakerMcCarthy invited @POTUS to begin negotiations, an important step toward fiscal sanity will finally become law.
— Leader McConnell (@LeaderMcConnell) June 2, 2023
Full statement:…
Senate Minority Leader Mitch McConnell said: " Tonight, the Senate voted to avoid default and begin to curb Washington Democrats' addiction to reckless spending. Four months after @SpeakerMcCarthy invited @POTUS to begin negotiations, an important step toward fiscal sanity will finally become law."
Top Headlines
-
News
Rift in INDIA bloc as Priyanka Chaturvedi slams Trump's 'Indian economy is dead' remark contradicting with Rahul
July 31, 2025
-
News
London to host maiden thought leadership summit IndiSetu to boost India-UK innovation and cultural ties
July 30, 2025
-
News
'No calls between Modi and Trump from April 22 to June 17': Jaishankar rejects US Prez's ceasefire claim
July 28, 2025
-
News
IBCN 2025: Celebrating the Chettiar legacy, powering youthful enterprise
July 11, 2025
-
News
Tennis player Radhika Yadav shot dead by her father over an Instagram reel in Gurugram
July 10, 2025
-
News
Rotary Year 2025-26: Dr. Ramendu Homchaudhuri leads charge towards a Thalassemia-free India
July 01, 2025
-
News
India refuses to sign SCO joint statement lacking Pahalgam attack but featuring Balochistan unrest
June 26, 2025
-
News
Iran confirms nuclear facilities were 'badly damaged' by US strikes
June 25, 2025
-
News
'Israel violated ceasefire too, I'm not happy with them': Donald Trump dials Benjamin Netanyahu
June 24, 2025
-
News
Modi meets members of Operation Sindoor outreach delegations, lauds them for voicing India's stand
June 10, 2025