Debt Deal Clears Final Hurdle

The Senate Tuesday passed the bill to raise the debt limit that the House approved yesterday.

President Obama is expected to sign it before sundown. The bipartisan legislation raises the debt limit past the 2012 elections and promises more than $2 trillion of budget cuts over the next decade.

The details are uncertain, but the Boston Globe reports the deal would cost Massachusetts 400-million next year and $800-million in 2013.