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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.

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