House Passes Deal to Raise Debt Limit, Funds Government

NEW YORK (TheStreet) -- The House of Representatives Wednesday night passed a bill to fund the government and raise the nation's borrowing limit.

By a vote of 285 to 144, Republicans and Democrats upheld a bill negotiated by Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell after a near-three week shutdown of the government and shortly before the United States was to be unable to pay its debts.

Earlier in the evening, the Senate passed the bill 81 to 18. Difficulties had arisen when the Republican-controlled House and Democratic-controlled Senate could not agree to various forms of bills to fund the government and raise the debt limit.

-- Written by Joe Deaux in New York.

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