Senate Passes Debt Ceiling Bill, Sending Measure to President Biden to Avoid a Default

The Senate on Thursday passed legislation to suspend the debt ceiling and limit federal spending, sending the bill to President Biden’s desk to avoid a U.S. government default that would have caused economic chaos.

The Senate adopted the bill, known as the Fiscal Responsibility Act of 2023, by a bipartisan vote of 63 to 36. Both sides acknowledged that the deal negotiated by House Speaker Kevin McCarthy and Mr. Biden was far from perfect but necessary to avoid a disastrous default.

“I look forward to signing this bill into law as soon as possible and addressing the American people directly tomorrow,” Mr. Biden said in a statement late Thursday night.

Before the final passage, the Senate voted on 11 amendments to the bill, all of which failed.

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