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

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Senate Minority Leader Sen. Mitch McConnell talks with reporters at... News PhotoCapitol Building - Washington DC,Headshot,Horizontal,Journalist,Mitch McConnell,Politics,Talking,USA,United States Senate,Washington DCPhotographer Collection: Getty Images News 2011 Getty ImagesWASHINGTON, DC - AUGUST 02: Senate Minority Leader Sen. Mitch McConnell (R-KY) talks with reporters at the U.S. Capitol August 2, 2011 in Washington, DC. The Senate voted 74-26 to pass the bipartisan debt ceiling legislation that reduces the deficit by $2.4 trillion over the next 10 years. The bill now goes to the White House where President Barack Obama is expected to sign it. (Photo by Chip Somodevilla/Getty Images)