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BREAKING: Senate Approves Debt Deal

Tuesday, August 02, 2011

 

The U.S. Senate has just voted to approve a deal on raising the debt ceiling in exchange for $2.1 trillion in cuts to federal spending, national news sources are reporting.

 

The measure passed the Senate on a 74-26 vote. Those dissenting included a mix of Tea Party Republicans and liberal Democrats, USA Today reported. The Senate vote comes with just hours to spare before the deadline for raising the debt limit. The House voted in favor of the compromise measure last night.

The measure now heads to the desk of President Obama.

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