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"We are slicing investing and bringing deficits down concurrently," Biden mentioned. "We are shielding significant priorities from Social Protection to Medicare to Medicaid to veterans to our transformational investments in infrastructure and clean up Electricity."
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In both equally chambers, more Democrats backed the legislation than Republicans, but both events had been significant to its passage.
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The ultimate arrangement, passed by the home on Wednesday along with the Senate on Thursday, suspends the financial debt limit till 2025 — once the upcoming presidential election — and restricts authorities expending.
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