US Congress averts historic default, approves debt-limit suspension


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Published Jun 01, 2023 06:06AM ET Updated Jun 02, 2023 12:03AM ET 3/3 © Reuters. U.S. Senate Majority Leader Chuck Schumer (D-NY) arrives for his news conference after the weekly Senate Democratic caucus policy luncheon at the U.S. Capitol in Washington, U.S. May 31, 2023. REUTERS/Jonathan Ernst 2/3 By Richard Cowan and Gram Slattery WASHINGTON (Reuters) - The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever default. The Senate voted 63-36 to approve the bill that had been passed on Wednesday...