US Senate passes budget deal to avert default

The measure, which passed 64 votes to 35 late into the night, provides lawmakers with some fiscal breathing room through the 2016 presidential election after years of bruising spending fightsThe US Senate passed a bipartisan, two-year budget deal early Friday that boosts federal spending by $80 billion, reduces a government shutdown threat and raises the debt ceiling through the end of Barack Obama’s presidency. The bill passed the House of Representatives on Wednesday and now goes to Obama for the formalities of his signature, although the political fallout looks set to linger on. The measure, which passed 64 votes to 35 late into the night, provides lawmakers with some fiscal breathing room through the 2016 presidential election after years of bruising spending fights.

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