Senate delays debt limit deadline - KYTX CBS 19 Tyler Longview News Weather Sports

Senate delays debt limit deadline

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Washington (CNN) - The Democratic-controlled Senate passed legislation on Thursday extending the federal government's ability to borrow new money through mid-May, delaying a partisan standoff that some analysts warn could derail a fragile economic recovery.

The bill, which passed in a 64-34 vote, cleared the Republican-run House of Representatives last week. It now advances to President Obama's desk to be signed into law.

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