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U.S. Senate votes to raise debt ceiling, averting catastrophic default – Metro US

U.S. Senate votes to raise debt ceiling, averting catastrophic default

The U.S. Capitol in Washington
The U.S. Capitol in Washington

WASHINGTON (Reuters) – Legislation to raise the U.S. federal borrowing authority by $480 billion and avoid possible catastrophic debt defaults later this month drew enough support in the Senate on Thursday to advance toward passage.

(Reporting by Richard Cowan and Makini Brice, Editing by Rosalba O’Brien)

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