Senate Approves Proposal to Raise Debt Limit

- The U.S. Senate votes today in favor of a bill to increase the debt limit.

About a dozen Republicans joined Democrats to overcome Senator Ted Cruz's filibuster of the bill, giving the Senate the 60 votes needed to move the measure forward.

The legislation allows the government to borrow more money to pay its bill through March 2015.

The House passed the bill Tuesday. It now goes to President Obama for approval.

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