Telegraph: US debt crisie: Senate passes compromise deal
The US Senate has passed the bill to cut spending and raise the debt ceiling to avert an unprecedented default.
The bill, which was passed by the House of Representatives late on Monday night, was approved by the senate by a vote of 74 to 26.
President Barack Obama will sign the bill into law as soon as it arrives at his desk, White House communications director Dan Pfeiffer said.
