Earlier this evening, the House of Representatives passed the bipartisan deal to raise the debt ceiling and cut spending, 269-161. Sixty-six Republicans voted against the bill, titled the Budget Control Act of 2011, while an equal number (95) of Democrats voted for and against it.

The bill now moves to the Senate, which is likely to vote on it tomorrow, where it is expected to pass. "If the bill were presented to the President," the White House said in a statement released this evening, "he would sign it."

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