August 3, 2011

The Senate has passed the debt deal.

The U.S. House of Representatives on Monday voted 269-161 to approve a deal to raise the debt limit in a bill that would cut government spending by trillions and effectively raise the debt ceiling through the end of 2012.

The bill, which was brokered in last-minute negotiations between the White House and Congressional leaders, passed with the support of 174 Republicans and 95 Democrats, CBS reported this evening.
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