Debt Bill Passes Senate 74-26 – Obama to Address Nation
The US Senate passed the Satan Sandwich today 74-26. Barack Obama is expected to hold another press conference on the bill this afternoon.
Treasury won an immediate reprieve of $400 billion in new borrowing authority Tuesday, as the Senate gave final approval to a hotly contested debt and deficit-reduction agreement hammered out with the White House Sunday night.
The bipartisan 74-26 roll call followed a 269-161 vote in the House Monday evening and the bill will be quickly signed by President Barack Obama, ending an unprecedented, hard-edged political struggle that pushed the nation to the brink of default.