US Senate approves debt bill
The US Senate has passed a deal struck between Republicans, Democrats and President Barack Obama to increase the US debt ceiling and avert a default.
The bill raises the debt limit by up to $2.4tn (£1.5tn) from $14.3tn, and makes savings of at least $2.1tn in 10 years.
Senator Richard Durbin announced that the bill had been approved, with 74 votes in favour and 26 against.
02 Aug 2011
- From the section US & Canada