Debt ceiling plan passes the House and the Senate, avoiding default | USA TODAY

A deal that passed the House and Senate raises the debt ceiling until 2025, adds work requirements in some aid programs, and cuts $2.1 trillion in spending among other cuts. RELATED: Kevin McCarthy to taxpayers on debt ceiling: 'It's coming out of your pocket' t.ly/m9esI The Senate Thursday night approved a bipartisan agreement to avoid a catastrophic default on the nation’s debt, sending the package of spending cuts and debt limit suspension to the White House for President Joe Biden's signature. The Senate acted with uncharacteristic swiftness, racing to complete the legislation before Monday, the earliest the federal government could be unable to pay all its bills. "America can breathe a sigh of relief," said Senate Majority Leader Chuck Schumer, D-N.Y. "For all the ups and downs and twists and turns it took to get here, it is so good for this country that both parties have come together at last to avoid default." » Subscribe to USA TODAY: http://bit.ly/1xa3XAh » Watch more on this and other topics from USA TODAY: https://bit.ly/3q3ON4B » USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR. #Politics #Debt #Tax