Joe Biden hails ‘big win’ as US Congress passes debt ceiling deal, averting default

The US Senate on Thursday voted to pass a controversial bill suspending the country’s US$31.4 trillion debt ceiling, all but ending a political stand-off that had threatened to cause an economically catastrophic sovereign default.

Passing 63 to 36 votes, the bill heads to President Joe Biden, who had forged the deal with Republican House Speaker Kevin McCarthy.

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SCMP , Joe Biden , Congress


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