Senate to vote Tuesday on debt and budget bill

The Senate will vote at noon on Tuesday on a historic measure pairing an increase in the government's borrowing limit with promises of more than $2 trillion of budget cuts over the next decade.

By Andrew Taylor | August 01, 2011 at 04:09 PM

WASHINGTON (AP) — The Senate will vote at noon on Tuesday on a historic measure pairing an increase in the government's borrowing limit with promises of more than $2 trillion of budget cuts over the next decade.

Passage would send the measure to the White House for President Barack Obama's signature just hours before the deadline for a potential first-ever government default.

The House passed the bill by a 269-161 vote Monday night. It links an increase of at least $2.1 trillion in the government's borrowing limit with the promise of an equal level of spending cuts over the coming decade.

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It will take 60 votes to pass the measure Tuesday under an agreement between Senate leaders.

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