Senate to vote on deal at noon Tuesday

Senate Majority Leader Harry Reid (D-Nev.) announced the upper chamber will vote on the debt-ceiling compromise at noon Tuesday.

The measure requires 60 votes for passage. It's expected to pass, and then will be sent to the White House, where President Obama is set to sign it into law.

The House passed the bill 269-161 Monday evening. The deadline for extending the debt ceiling is Tuesday.

The deal, reached Sunday by Obama and congressional leaders, would cut nearly $1 trillion in planned spending over 10 years and create a bicameral committee tasked with finding another $1.5 trillion in cuts in exchange for raising the debt ceiling by $900 billion over the next few months, then by another $1.5 trillion early next year.

The Senate adjourned at 7:47 p.m. on Monday and is set reconvene for debate on the legislation at 9:30 a.m. on Tuesday.

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