‘Big win,' says Joe Biden as US Senate approves debt deal avoiding default

Senate Majority Leader Chuck Schumer said ahead of voting that the bill's passage means “America can breathe a sigh of relief.”

US President Joe Biden welcomed Thursday's vote by the Senate to raise the national debt limit through 2024 and avert a first ever default as a "big win" for Americans.

Read: Bipartisan deal passes Senate, Resolving debt ceiling crisis and budget cuts

Biden said in a statement following passage that senators from both parties “demonstrated once more that America is a nation that pays its bills and meets its obligations — and always will be.” (AP)

"No one gets everything they want in a negotiation, but make no mistake: this bipartisan agreement is a big win for our economy and the American people," he tweeted, adding that he would sign the bill "as soon as possible" and address the nation Friday.