It is noted that "the 63-36 vote on the bill was carried by moderates in both parties", many of whom aired their misgivings about parts of the deal but were convinced that their concerns weren’t worth risking the havoc a default would unleash.
This is reported by Bloomberg.
"If we do this we will not default," said Senate Majority Leader Chuck Schumer shortly before the vote, adding, "That is very, very important."
Investors largely consider the risk of the US default as resolved and are shifting their attention to other uncertainty factors, such as Federal Reserve policy. On Friday in Asian trading, the yield on Treasury bonds decreased, while stocks in the region followed American indices upward on the back of rising shares of technology companies.
It is pointed out that the Senate may bypass spending limits on Ukraine, defence, and domestic priorities using emergency funding, although the Republican-controlled House of Representatives will need to agree to this.
Background. Mind previously reported that the US House of Representatives had approved a bill to raise the American debt ceiling.