The U.S. Senate passed a bipartisan budget accord in the early morning hours on Friday, defusing a potential government shutdown and default on the national debt for the final time of the Obama presidency.
Senators cast their final votes for the legislation at 2:30 a.m. on Friday, passing it on a vote of 64-35. The deal, brokered between President Obama and congressional leaders from both parties earlier this week, will raise federal spending by $80 billion over the next two years and avoid a looming shutdown of the federal government on November 1. The accord also extends the nation’s debt limit, which Treasury Secretary Jack Lew had estimated would expire in less than a week, for two years until March 2017. The new limit will occur less than two months after a new president will be sworn into office.
The House of Representatives passed the bill earlier this week by a 266-167 margin. In what he described as “cleaning the stables” before his successor’s election on Thursday, the outgoing Speaker of the House John Boehner pushed the deal through that chamber on Wednesday with the support of moderate Republicans and the entire Democratic caucus, defying the conservatives who vexed him throughout his tenure.