Obama wins debt-limit, budget truce through end of presidency

A man walks past the United States Capitol Dome before dawn in WashingtonBy David Lawder and Susan Cornwell WASHINGTON (Reuters) – President Barack Obama won passage by the Congress early on Friday of legislation that lifted the threat of a default on government debt through the end of his presidency and a budget blueprint easing strict spending caps through September 2017. The Senate voted 64-35 to approve the measure, which was negotiated over the past few weeks by the White House and congressional leaders, including newly retired former House Speaker John Boehner. Without action by Congress, the Treasury Department would have exhausted the last of its borrowing capacity on Nov. 3, according to Secretary Jack Lew.

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