Feb. 12 (Bloomberg) — The Senate cleared a measure suspending the U.S. debt limit for President Barack Obama's signature after Republicans dropped demands for policy conditions that in past years risked a potential default.
The 55-43 vote today will allow the U.S. to meet its obligations until at least March 15, 2015, more than four months after the November congressional election. The House of Representatives passed the legislation 221-201 yesterday.
"It appears that the things that used to be routine may be routine again," Senator Richard Durbin of Illinois, the chamber's second-ranking Democrat, said today in an interview at the Capitol before the vote. Republicans "seem to want to be on their best behavior in an election year," he said.
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