![]() Mike Lee, R-Utah, Tim Kaine, D-Va., and John Kennedy, R-La., required only a simple majority for approval. Of the 11 amendments, eight required a 60 yea vote supermajority the other three, proposed by Sens. (It failed, 21 in favor to 75 against.) Afterwards, and with each subsequent vote, Schumer - like a father keeping a sharp eye on the thermostat - admonished his colleagues to stay in their seats and speed up the process. Rand Paul, R-Ky., took more than 45 minutes to complete. The first amendment vote, proposed by Sen. Schumer indeed acted with urgency throughout the night, keeping a close eye on the Senate Clerk and the time of each of the 11 amendment votes - each of which was scheduled for 10 minutes. “So many of the destructive provisions in the Republican bill are gone,” he says, touting the final deal. “We may be a little tired, but we did it,” says at presser after passage of the bill to avoid default. It would take years - years - to recover from." It would be a nightmare for our economy and millions of American families. It would almost certainly cause another recession. "The consequences of default would be catastrophic. "Avoiding default has been our North Star," he said. "America can breathe a sigh of relief sigh of relief. "By passing this bill, we will avoid default tonight," Senate Majority Leader Chuck Schumer, D-N.Y., said on the floor of the chamber Thursday evening ahead of the final vote. The White House announced that Biden will address the American people about the bill at 7 p.m. The final vote was 63-36, following an overwhelmingly bipartisan 314-117 vote in the House one day prior. "I look forward to signing this bill into law as soon as possible and addressing the American people directly tomorrow." "Our work is far from finished, but this agreement is a critical step forward, and a reminder of what’s possible when we act in the best interests of our country," Biden said. The agreement came after months of back-and-forth negotiations heated talks between House Republicans, who demanded steep spending cuts in exchange for any action on the debt limit, and the White House, which initially refused to negotiate over the country’s borrowing power.The House overwhelmingly passed the bill, known as the Fiscal Responsibility Act, despite defections from dozens of defections from members of both parties The final vote was 314-117, with 149 Republicans and 165 Democrats coming together to back the measure.The measure suspends the debt limit for two years in exchange for two years of spending caps and other provisions, including clawing back some COVID-19 funds and imposing new work requirements for older Americans receiving food aid.The Senate approved a House-passed bill to suspend the debt limit with just days to go until the default deadline.
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