--- title: Senate Passes Debt Ceiling Bill, Clearing Final Hurdle to Avoid Default | TIME description: The Senate voted Thursday night to raise the government’s debt ceiling and cut trillions of dollars in spending, concluding a long and fractious political struggle that pushed the nation to the brink of default. canonical: https://time.com/video/JOhO9HLp/ og:title: Senate Passes Debt Ceiling Bill, Clearing Final Hurdle to Avoid Default og:description: The Senate voted Thursday night to raise the government’s debt ceiling and cut trillions of dollars in spending, concluding a long and fractious political struggle that pushed the nation to the brink of default. og:url: https://time.com/video/JOhO9HLp/ og:image: https://cdn.jwplayer.com/v2/media/JOhO9HLp/poster.jpg?width=720 og:type: video.other twitter:card: summary_large_image twitter:title: Senate Passes Debt Ceiling Bill, Clearing Final Hurdle to Avoid Default twitter:description: The Senate voted Thursday night to raise the government’s debt ceiling and cut trillions of dollars in spending, concluding a long and fractious political struggle that pushed the nation to the brink of default. twitter:image: https://cdn.jwplayer.com/v2/media/JOhO9HLp/poster.jpg?width=720 --- * Politics # Senate Passes Debt Ceiling Bill, Clearing Final Hurdle to Avoid Default > Sponsored content. 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They are at time.com/newsletters and are separate from a paid subscription. ## Video: Senate Passes Debt Ceiling Bill, Clearing Final Hurdle to Avoid Default [Watch (HLS stream): Senate Passes Debt Ceiling Bill, Clearing Final Hurdle to Avoid Default](https://cdn.jwplayer.com/manifests/JOhO9HLp.m3u8) (1:29)  _Published 2023-06-02. The Senate voted Thursday night to raise the government’s debt ceiling and cut trillions of dollars in spending, concluding a long and fractious political struggle that pushed the nation to the brink of default._ --- Oct 11, 2023 6:20 PM UTC --- ## More From This Series [All Videos](https://time.com/video/) [What to Know About the History of the Debt Ceiling](/video/sJUEUsSN/) ### What to Know About the History of the Debt Ceiling [No Progress on Debt Ceiling After White House Meeting as U.S. Inches Closer to Default](/video/4WxpqYOY/) ### No Progress on Debt Ceiling After White House Meeting as U.S. Inches Closer to Default [Argentina Defaults On Debt For The Second Time In 13 Years](/video/Ylli4Nfb/) ### Argentina Defaults On Debt For The Second Time In 13 Years --- ## Transcript Otis vote, the gays are 63. The names are 36 to 60 vote threshold. Having been achieved, the bill is passed. I thank my colleagues for the good work tonight. I commend President Biden and his team for producing a sensible compromise under the most difficult of circumstances. Do many of the destructive Provisions in the Republican bill are gone. Because we persisted, and we kept insisting that the fault is off the table. We will not be the faulty and we will not be passing the hard rights extreme agenda virtually no part of it. And that is thanks to the Senate and House Democrats, and the president by this demanded, a bipartisan solution. We knew we need to come together for a solution, like the one that passed tonight and so I'm happy to stand to your passing. 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