6/2, 4:52 AM (Source: TeleTrader)
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US Senate votes in favor of suspending debt limit

The United States Senate followed the House of Representatives and voted in favor of the bill seeking to suspend the debt ceiling until January 1, 2025, preventing thus the country's first-ever default.

The bill received 63 votes in favor and 36 against. Out of the latter, 31 came from Republican Senators, four from the Democrats, and one from Vermont's Bernie Sanders, who is an independent. When it comes to votes in favor, 45 came from the Democrats, 16 from the Republicans, and two from independent senators. Tennesee Senator Bill Hagerty was absent from the vote.

It will now head to President Joe Biden, who will sign it and convert it into a law.

Baha Breaking News (BBN) / JR