Done Deal! Debt Ceiling Bill Heads to President

S. 365, The Budget Control Act of 2011, passed the United States Senate by a bipartisan vote of 74-26 just minutes ago, sending the bill raising the federal debt limit to the President for his signature just hours before the potential default deadline was set to take effect.

The Senate vote comes on the heals of the Monday vote by The House of Representatives to raise the borrowing authority of the United States government by a bipartisan vote of 269-161.  95 Democrats joined 174 House Republicans in voting to approve the measure and avert the first ever default of the United States government.

After their vote on Monday, The House of Representatives will likely adjourn for their annual August recess later this week until September 7th.

Click here to see how your Congressional representatives voted

Click here for more information on the bipartisan deal

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