BREAKING: The Senate passed a bipartisan budget deal that raises spending by $324 billion and suspends the debt ceiling until after the 2020 election.

Senate passes sweeping budget deal, sending it to Trump
The Senate passed a sweeping two-year budget and debt ceiling deal on Thursday, sending the agreement to President Trump’s desk.

The bill suspends the debt ceiling until mid-2021 and adds an estimated $1.7 trillion to the deficit over the next decade compared to automatic spending cuts that would have otherwise kicked in.

The bill was one of the final must-pass items on the Senate’s to-do list, paving the way for the chamber to quickly leave for the five-week August recess. The House already passed the budget deal last week, meaning it now goes to Trump’s desk, where he’s expected to sign it.