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Debt ceiling deal heads to US Senate for approval

2023-06-02 01:18
The Senate must approve the deal and send it to the president's desk this weekend to avoid a default.
Debt ceiling deal heads to US Senate for approval

US Senators are working against the clock to pass a deal to raise the government's $31.4tn (£25tn) debt ceiling - and stop the world's biggest economy from defaulting on its debt.

The deal passed the House of Representatives by a vote of 314-117 on Wednesday, despite a few defections.

It...