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US Sen. John Thune (R-SD) talks to reporters about wrangling over the upcoming vote on debt ceiling legislation to avoid a historic default at the US Capitol in Washington, DC.

REUTERS/Jonathan Ernst

On the buzzer, US Senate passes debt ceiling deal

The US Senate on Thursday night passed an eleventh-hour compromise deal to raise the debt ceiling in exchange for spending cuts demanded by Republicans. The bill is now ready to be signed into law by President Joe Biden and prevents the US government from running out of money to pay its bills.

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