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Senate Votes To Raise Debt Ceiling, Averting Catastrophic Default

@reuters
Senate Votes To Raise Debt Ceiling, Averting Catastrophic Default

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 -- including 11 Republican votes -- to advance toward passage.

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

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