Senate Passes Debt Limit Bill, Now On Its Way To Obama

WASHINGTON -- The Senate did its part Tuesday to end a months-long standoff and raise the debt ceiling, passing a bill that dramatically cuts spending and creates a new "super committee" that will slash budgets even more.The Senate approved the measure 74 to 26. The bill will go to President Obama's desk with little time to spare; Treasury Secretary Timothy Geithner has said that the country would begin to default on its obligations at midnight if a bill was not passed by then.Although Democrats had many complaints about the bill, they supported it overwhelmingly, with 45 voting "yes" and six voting "no." Twenty-eight Republicans voted in favor of the bill, meanwhile, while 19 voted against it.

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