The Senate passed the debt ceiling bill onto President Obama with a 74 to 26 vote. Senator Blunt says though the discussion of how to handle the situation took a long time, it didn’t follow in the tradition of accepting debt as the norm.
Blunt admits the bill is not perfect, and not the best possible solution, but he says his priority was changing spending behavior in Washington.
The bill caps spending, does not raise taxes, and creates a 12 member committee to look over the federal budget and make recommendations for where else to cut spending. That committee, made up of 6 republicans and 6 democrats, will give their recommendation later this year.