Baku-APA. The U.S. Senate Tuesday passed a last-minute bipartisan debt ceiling deal to stave off a looming debt default crisis, APA reports quoting Xinhua.
The Senate passage came after the Republican-controlled House of Representatives approved it on Monday night on a vote of 269- 161. The Senate action cleared the last key hurdle for the bill to be signed into law by U.S. President Barack Obama.
Obama announced Sunday night that he had reached a last-ditch debt ceiling deal with Republican and Democratic leaders.
The plan aimed at slashing deficit for more than 2 trillion U.S. dollars over the next decade, setting up a powerful new congressional bipartisan committee to find new ways on deficit cutting, and raising the U.S. borrowing limit through 2013.
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