The U.S. Senate on Tuesday approved a bill raising the debt ceiling, which will be send now to President Obama to be signed, RIA Novosti reports.
The House of Representatives passed the bill on Monday by a 269 votes with 161 votes against the document.
The bill calls for $2.1 trillion in spending cuts spread over 10 years and raises the borrowing limit by enough to last into 2013.
US Senate approves debt ceiling bill
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