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Senate approves debt ceiling legislation

The legislation now goes to President Joe Biden, who is expected to sign it and avert a debt default.

House lawmakers vote 314 to 117 in favor of agreement reached between Biden and McCarthy. The bill will now head to the Senate.

US President confirms debt ceiling deal, says it will avoid a "catastrophic default".

McCarthy says the House will vote on the agreement on Wednesday.

Fight could turn nasty as GOP warns it will insist on spending cuts while Dems say they will refuse to negotiate.

Bill will also need to pass the House before being transferred to President Joe Biden.

The short-term bill will end the partial government shutdown and raise the debt ceiling.

U.S. House Speaker rejects Obama’s stance that he’ll talk to Republicans only after the partial government shutdown ends.

President Barack Obama says the U.S. economy risks a “very deep recession” if Congress doesn’t raise the debt ceiling.

Obama warned Republicans against using the debt ceiling as a "bargaining chip," saying a failure to raise it would sow financial chaos.