Senate Passes Debt Limit Deal, Sends It to Biden

The U.S. Senate voted 63-36 late Thursday to pass the debt limit deal brokered by President Joe Biden and U.S. House Speaker Kevin McCarthy, R-Calif. “We may be a little tired, but we did it,” Sen. Chuck Schumer, D-N.Y., said after the vote. The legislation suspends the nation's debt limit until Jan. 1, 2025, notably after the 2024 presidential election; caps non-defense spending but also limits defense spending increases; and expands work requirements for some of those receiving food stamps, among other things.