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

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Senate Minority Leader Sen. Mitch McConnell speaks after the Senate... News PhotoBill - Legislation,Boundary,Capitol Building - Washington DC,Debt,Horizontal,John Cornyn,Looking,Mitch McConnell,Politics,Talking,USA,United States Senate,Waist Up,Washington DCPhotographer Collection: Getty Images News 2011 Getty ImagesWASHINGTON, DC - AUGUST 02: Senate Minority Leader Sen. Mitch McConnell (R-KY) (L) speaks after the Senate voted on the debt limit bill as Sen. John Cornyn (R-TX) (2nd L) looks on at the U.S. Capitol on August 2, 2011 in Washington, DC. The Senate voted 74-26 to approve the bill to raise the debt ceiling, allowing the U.S. to avoid default on its debts. (Photo by Win McNamee/Getty Images)