June 2, 2023 3:50 a.m.

Late Thursday night, the U.S. Senate passed the bipartisan debt ceiling bill.

Oregon Senator Ron Wyden issued a statement following the vote. Wyden said, “I supported this bill because nothing is more important than protecting Social Security, Medicare, and the health of our economy from Republican threats to default”.

Wyden said, “Republicans manufactured this hostage-taking crisis from the beginning, but the president negotiated an agreement that looks nothing like the ransom note Speaker McCarthy passed in the House in April”. Wyden said, “By doing so, the president protected the health and well-being of millions of Americans along with hundreds of thousands of jobs”.

The bill passed on a 63-36 vote. The legislation heads to President Biden’s desk with just days to spare before the government was set to run out of money to pay its obligations on June 5th.