US Senate to vote on debt ceiling bill on Thursday night, Schumer says

The U.S. Senate will vote on a bill to suspend the U.S. government's $31.4 trillion debt ceiling on Thursday night, Senate Majority Leader Chuck Schumer said.

The bill passed the House on Wednesday. The Senate must pass it in time for President Joe Biden to sign the bill into law ahead of a June 5 deadline, when the U.S. Treasury has said it will run out of funds to pay its bills.

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