Senate Passes Debt Limit Bill, Avoiding U.S. Default

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Senate Budget Committee Chairman Sen. Kent Conrad stands outside of... News PhotoBestof,Capitol Building - Washington DC,Horizontal,Kent Conrad,Politics,Standing,Topics,Topix,USA,United States Senate,Waist Up,Washington DCPhotographer Collection: Getty Images News 2011 Getty ImagesWASHINGTON, DC - AUGUST 02: Senate Budget Committee Chairman Sen. Kent Conrad (D-ND) stands outside of the U.S. Capitol on August 2, 2011 in Washington, DC. Yesterday the House of Representatives passed the bill to raise the federal debt limit, and the U.S. Senate will later vote today on an agreement to extend the federal debt limit and enact spending cuts. (Photo by Mark Wilson/Getty Images)